On December 21st, according to Fox coverage, some government entities shut down after Congress failed to pass a continuing resolution spending bill to avoid a government shutdown by the deadline and send it to President Biden's desk. The Senate is currently actively considering amendments such as voting in order to submit the bill to Biden. The temporary bill is expected to be passed by the Senate in the next few hours. The partial shutdown of government entities is only a few days away from Chr...
Mr. Cook, the Fed governor, said the headline data showed that the decline in inflation was continuing and that the labour market was gradually cooling. A pause in rate rises could occur if progress slowed and the labour market remained solid. The overall labour market remained solid; the recent weakness in growth was the result of temporary strikes and storms.
On August 2, the Nasdaq 100 extended its decline to 3%, the S & P 500 index fell 1.9%, and Nvidia (NVDA. O) and Arm (ARM. O) tumbled 8.3% and 17% respectively.