Regulation
What History Tells Us About Government Shutdowns
Stocks and bonds remain relatively unscathed so far, and private sector employment data show the economy was already exhibiting signs of weakness.
The temporary budget would keep the government funded into next year.
Washington dysfunction, fear of the Fed and a host of other anxieties haunt the markets.
The 35-day closure will pump the jobless rate up to 4.1% for January, RSM’s Brusuelas says.
Historically, the S&P 500 has been flat when federal functions grind to a halt, and the index is up 7.5% since the latest closure.