U.S. Government Shutdown Concerns Rise Amid Key Economic Data Releases

According to BlockBeats, traders are cautiously awaiting Thursday's initial jobless claims data and Friday's PCE inflation figures, while closely monitoring developments that could lead to a U.S. government shutdown. U.S. President Donald Trump has canceled a crucial meeting with Senate Minority Leader Chuck Schumer and House Minority Leader Hakeem Jeffries, which was expected to prevent a shutdown before the September 30 deadline. Deutsche Bank analyst Jim Reid highlighted in a Wednesday morning report to clients that the cancellation of the meeting has sparked new concerns. He noted that funds might run out by next week's deadline, potentially leading to the first government shutdown since the winter of 2018-19.