ZhaoYin International: US economic slowdown, government shutdown may end within 2 weeks, Federal Reserve expected to pause interest rate cuts in October
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ZhaoYin International released a report stating that the U.S. government shutdown is expected to end within 2 weeks, with market expectations for a Federal Reserve rate cut in October at 96.2%. Due to improved employment data and inflation above target, the Federal Reserve is expected to pause rate cuts in October. Signs of economic slowdown are evident, with the September services PMI stagnating and the manufacturing PMI's contraction rate slowing. The short-term shutdown has a minimal impact on the market, but if it exceeds 2 weeks, it may increase market risk aversion
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