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4th Oct 2021 00:30U.S., Economic Monitor

  • Shutdown averted, but action on the debt ceiling, infrastructure and social spending will take a while.
  • Households are still adding to their huge pile of sav- ings; post-pandemic firepower is enormous.
  • Homebase data signal a solid increase in payrolls; the St. Louis Fed model tracks only household jobs.

bill borrowing budget businesses cash congress debt debt ceiling democrats economy employment employment data fed fiscal tightening forecast funds government household households investors it labor markets payroll payrolls private payrolls private sector report republicans sector senate senate republicans services spending stock tax u.s. white house

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