Government Shutdown Ends, But Economic Fog Persists

November 12th saw the Dow Jones hit a new high, despite tech shares faltering, as investors anticipated the end of the U.S. government shutdown. However, oil prices plummeted due to higher-than-expected crude oil supplies. The longest government shutdown in U.S. history is nearing its end, but the economic outlook remains hazy. Key indicators like unemployment and inflation rates for October may not be released, complicating the Federal Reserves decisions on interest rates. The Fed might delay rate cuts until the economic picture clarifies, as the September jobs report could be quick, but the October report may be delayed or missing the unemployment rate. Investors and policymakers must navigate this uncertainty as they await a clearer economic picture.The Daily News Now! — Every city. Every story. AI-powered. Hosted on Acast. See acast.com/privacy for more information.