State Street: The U.S. government shutdown crisis has passed, and the stock market is looking forward to "soft but just right" data

According to Jin Ten, State Street's head of macro strategy, Michael Metcalfe, stated that if the U.S. government continues to shut down, further economic growth will be affected. Fortunately, the hurdle of the government shutdown has been overcome, which means that economic growth will not be severely impacted. Investors are focusing on the employment data that has not been released due to the government shutdown, weighing whether the Federal Reserve will cut interest rates again in December. Metcalfe pointed out that for the stock market to continue its upward trend, the data must be weak enough to prompt the Federal Reserve to lower interest rates, but not too weak to raise concerns about an economic slowdown.