Shutdown ‘Feels Like There’s No Effect’, but GDP Ticks Lower

Satyam Panday and Maja Vujinovic cover the broader economic impacts of the government shutdown. Maja says that while it “feels like there’s no effect” in the markets yet, GDP can fall by 0.2% per week of shutdown. She also highlights Bitcoin hitting new highs, which she partially attributes to a rotation into “safer assets.” Satyam discusses whether federal employees will be furloughed or fired and talks about the Fed’s upcoming rate decision with key data delayed.

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