‘Flying Blind’ in the Shutdown?
With the government shutdown now stretching into its second week, key data releases have been delayed and uncertainty is rising. In this week’s episode of Basis Points, Kevin Flanagan shares how investors should interpret the lack of new economic data, and why the current backdrop differs from shutdowns of the past. Listen now for perspective on rates, risks, and what could come next.
Basis point: 1/100th of 1 percent.
ISM Services PMI: The ISM Services PMI (formerly the ISM Non-Manufacturing Index) provides a detailed look at the economy from a non-manufacturing standpoint.
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The skinny
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