Lurking In The Background.
Faced with rapidly escalating public fury aimed at all sides over the shutdown, Senate Democrats blinked first in the standoff over the weekend, allowing a procedural vote to go through on Sunday night which passed the buck over to the House and the beginning of the end finally came into view.
Wall Street celebrated when markets opened on Monday morning and attention turned to exactly when the upcoming deluge of backed-up economic data can be expected relative to the December 10th Fed Funds Rate announcement and quarterly Dot Plot publication and how reliable the quality of that data will be…
The skinny
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