Wall Street will be ruled by ‘rumor and pseudo-drama’ if government shutdown goes ahead, warns UBS
via ubs.com
Short excerpt below. Read at the original source.
Washington is bracing for its first government shutdown since 2018, a standoff that could disrupt economic data releases and potentially complicate the Fed’s policy decisions. Wall Street is uneasy, with UBS’s Paul Donovan warning the lack of official data could let rumor and unreliable surveys sway markets, while companies quietly push through price hikes. Still, […]