Author: bitcointalk

By Philip Marey, senior US strategist at Rabobank

Summary

• The government shutdown has been averted, as House Speaker Kevin McCarthy decided to defy the Freedom Caucus on Saturday and pass a stopgap measure (continuing resolution) to keep the government funded through November 17 with bipartisan support. The Senate adopted the same measure and President Biden signed it into law on Saturday night.

• This week we are likely to see a challenge to McCarthy’s speakership (more…)

Despite disappointing macro data (and tightening financial conditions), US manufacturing survey data was expected to rise in final September data released this morning and S&P Global's PMI Manufacturing jumped from 47.9 in August to 49.8 in September (and up from 48.9 in the flash September print). That is the highest print for US manufacturing since April but remains in contraction (below 5). That is the 5th straight month in contraction and 10th month in the last 11 in contraction (more…)

In 2021, California Governor Gavin Newsom (D) vowed to replace any Senate vacancies with a black woman.

On Sunday, he did just that following the death of Sen. Dianne Feinstein (D), appointing the first black lesbian to ever openly serve in Congress (more…)