Rafael Nam
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Podcast Appearances
The Federal Reserve is an independent government agency that is not impacted by the shutdown.
But Fed officials will no longer have access to government data in a critical period for the economy.
The Fed lowered interest rates at its last policy meeting in September and will need to decide what to do next later this month.
Investors will be keen to see what the Fed officials make of the economy at a time when they may be flying partly blind with only access to data from non-government sources.
Fed Chair Jerome Powell is set to deliver a pre-recorded message at a community banking conference on Thursday.
Over the past several months, the U.S.
has been creating a lot fewer jobs than economists had expected.
That has led to concerns that the economy may be weaker than many investors had anticipated.
So investors are keenly waiting for the latest employment numbers for September due out on Friday.
There is a potential wrinkle, however.
There could be a government shutdown this week unless Republicans and Democrats can clinch a short-term spending deal.
A shutdown would delay the release of fall data by the government, including the jobs numbers, meaning investors may have to wait a little bit longer.
Just over two years ago, crypto exchange FTX collapsed. Today, a different exchange, Coinbase, is set to join the ranks of 500 of the biggest public companies in the U.S. Here's Faryar Sherzad, Coinbase's chief policy officer.
Just over two years ago, crypto exchange FTX collapsed. Today, a different exchange, Coinbase, is set to join the ranks of 500 of the biggest public companies in the U.S. Here's Faryar Sherzad, Coinbase's chief policy officer.
And that's in part because things have changed under President Trump. His administration is taking a far friendlier approach to the crypto industry. Trump himself has a financial stake in the crypto sector, raising major concerns about conflicts of interest. All of this is alarming consumer advocates who warn this is a nascent industry, rife with potential for fraud and shady characters.
And that's in part because things have changed under President Trump. His administration is taking a far friendlier approach to the crypto industry. Trump himself has a financial stake in the crypto sector, raising major concerns about conflicts of interest. All of this is alarming consumer advocates who warn this is a nascent industry, rife with potential for fraud and shady characters.
The big unknown in Wall Street is what kind of impact tariffs will ultimately have. One big fear is that they will raise prices across the board as imports become more expensive. So investors will be keen to see the latest consumer inflation data out on Tuesday, which may already start to show some of the early effects from the tariffs.