Financial Markets
Government shutdown delays data for Fed's October rate decision
Reported by AI
A partial U.S. government shutdown starting October 1 has delayed key economic reports, including the September jobs data, complicating the Federal Reserve's upcoming interest rate decision. Markets overwhelmingly expect a 25 basis-point cut at the October 28-29 FOMC meeting, but uncertainty could lead to a surprise pause. High valuations in stocks and cryptocurrency heighten risks of market volatility.
Argentine markets close with stable blue dollar and merval at record
The blue dollar closed on October 31 at 1,445 pesos for selling, after a slight variation from the previous day. The Merval index hit a historic high above 3 million points, driven by electoral support for the government. The country risk fell to 657 basis points, its lowest level in nine months.