Deutsche Bank: U.S. Government Faces First Shutdown Since Winter 2018-19

BlockBeats News, September 24th, traders are cautiously awaiting Thursday's initial jobless claims data and Friday's PCE inflation data, while closely monitoring the tricky developments that could lead to a U.S. government shutdown. U.S. President Trump canceled a key meeting with Senate Minority Leader Schumer and House Minority Leader Jeffries, which was expected to avoid a government shutdown before the September 30 deadline.

Deutsche Bank analyst Jim Reid stated in a report to clients on Wednesday morning: "The canceled meeting has sparked a new round of concerns, with funding potentially running out by the deadline next week, and we may see the first government shutdown since the winter of 2018-19." (FXStreet)