That was close, but in the end Congress found a way to avert a government shutdown. “That said, we still look for the gradual deceleration in labor market conditions to continue in the coming months,” Bullard added. Collectively, the three reports will show whether the labor market is slowing – and by just how much. The week will also reveal whether the markets have settled down following the aversion of a government shutdown and concern over rising interest rates in the wake of the Fed’s pause. “The continuation of the disinflation process suggests that the Fed may not need to hike interest rates again this cycle.”

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Persons: ” Sam Bullard, “, ” Bullard, Jerome Powell – Organizations: Federal Reserve, Wells, Labor Department, Stock, BCA Research Locations: August’s, payrolls, Washington