Will US Market Crash Due To Govt Shutdown ?
@JC888：
Last week, a few US ‘important’ economic reports were released together with Fed’s most referenced, the Personal consumption expenditure (PCE) report . Over all, they provided glimpses of a slowing US economy but not necessary recession or stagflation yet. Last Week’s Reports. (1) US Flash S&P Services PMI. On 23 Sep 2025, preliminary S&P US Services PMI report (for September 2025) fell to 53.9 from August 2025’s 54.5; marking the softest expansion since June. Slowdown was driven by weaker domestic demand despite some rebound in export business, while firms continued to add to payrolls but faced challenges filling vacancies. Inflation pressures remained elevated, nearing a 27-month high, but businesses moderated price hikes due to weaker demand expectations, with sentiment improvin