U.S. Government Shutdown Averted, Markets Brace for Employment Data Release

The U.S. government has averted a shutdown, offering relief to investors and potentially impacting the Federal Reserve’s next move. The market awaits the release of upcoming employment data, which could influence rate cuts and overall market stability. Michael Metcalfe, Head of Macro Strategy at Richard Bernstein Advisors, stated that the averted shutdown alleviates fears of an immediate economic slowdown, as reported by Blockbeats News on November 12th. This short-term relief could influence Federal Reserve decisions and impact crypto markets.