The Trump administration plans to keep most national parks open during the government shutdown, allowing Americans to enjoy the autumn foliage. Economists and investors face a data blackout, impacting the release of the monthly jobs report. The shutdown poses no immediate dramatic risks to equity markets, with the S&P 500 rising 0.3% on Wednesday. Private payroll employment fell by 32,000 in September, potentially influencing the Fed’s next decision. The Institute for Supply Management’s latest Purchasing Managers’ Index indicated contraction in new orders and employment in the manufacturing sector. Despite fears, AI has not significantly disrupted the US job market according to a new analysis.
Read more at Yahoo Finance: Surprisingly Grim Jobs Data May Accelerate Fed Interest Rate Cuts
