Traders Win Reprieve After ‘Political Circus’ of Shutdown Fight
- Market pros breathe sigh of relief after federal stopgap deal
- Interest rates, Fed hawkishness continue to drive markets: BMO
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An against-the-odds deal to avert a US shutdown is soothing nerves across Wall Street after a week of interest rate-spurred market disruptions.
While money managers largely shrugged off the political circus in Washington, the passage of compromise legislation to keep the government running until Nov. 17 gives financial markets some breathing room after the recent plunge in stocks and bonds.