US News
LAST UPDATE: September 30, 2025
US Democrats, Trump set to face off in budget battle that could trigger government shutdown
With federal funding set to expire, Democrats and Trump are deadlocked over a stopgap spending bill, risking a government shutdown if no agreement is reached.
Insight
The standoff highlights deep fiscal and ideological divides; failure to compromise could disrupt services and roil markets.
Fed’s Hammack says muted tariff impact on inflation may not last
Fed’s Beth Hammack cautioned that although tariffs haven’t significantly accelerated inflation yet, their effects may intensify over time.
Insight
This suggests the Fed is wary of emerging inflationary pressures and may resist cutting rates prematurely.
Fed’s Musalem Says Policymakers Must Be Cautious on Rate Cuts
Fed official Alberto Musalem emphasized that any future rate cuts should proceed with caution, given lingering inflation risks.
Insight
This stance supports a gradualist approach to easing and underscores the balancing act between growth and price stability.
US September employment report will not be published if government shuts down
If a U.S. government shutdown occurs, the Labor Department will suspend the release of key economic data including the September jobs report.
Insight
The absence of this data would weaken transparency and make economic forecasting harder, complicating Federal Reserve policy decisions.
