Global stock-markets were lower last week. Investors were nervous as a potential US government shut-down loomed with Congress struggling to find consensus on a short-term funding deal. Thankfully, that scenario was averted on the weekend and President Biden signed the deal into law minutes before the deadline.
Investors now re-focus on the Fed’s next move and anxiety remains high after the yield on the US 10-year Treasury rose above 4.6% last week and remains as high at the start of this week. The US central bank kept interest rates on hold in September but indicated there could be another rate hike before the end of the year. The recent rise in oil prices has not been helping that issue and a new 12-month price high was reached last week.
Full report
https://realmim.com/focus-back-on-inflation-after-us-government-shut-down-is-averted/
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