The U.S. government shutdown has already lasted over a week, but financial markets remain surprisingly stable. The immediate economic impact has been limited, which explains investors’ apparent indifference to the deadlock in Washington. However, the situation could change if back pay is not granted or if delays in payments persist.


Yesterday, the Nasdaq rose 1.1%, the S&P 500 gained 0.6% and reached record highs, while the Dow Jones remained steady. Attempts in the Senate to end the shutdown failed, highlighting the political stalemate.


In the monetary field, the Fed’s minutes revealed a divided committee regarding future rate cuts. Ten members still foresee two more cuts this year; nine see none at all. Despite uncertainties, Wall Street remains optimistic with the prospect of lower interest rates.

consistency and patience