Shutdown shadow
A 43‑day shutdown delayed U.S. GDP numbers, but the economy is still expected to be growing briskly. We look at why higher‑income Americans may finally be pulling back on spending, what the Fed will be watching in today’s PCE data. Plus how fresh strains in private credit and rising debt worries are adding a new layer of uncertainty.
Today’s recommended read: Morning Bid: Oil spoils tech tonic, Mike Dolan
Subscribe to Mike Dolan's Morning Bid newsletter, and check out his columns on Reuters Open Interest
Produced by Eliza Davis Beard, Ethan Plotkin, and Abisoye Adelusi
Sound engineering and…
The skinny
The skinny isn't ready yet — notes appear once the transcript is processed.