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No sign of agreement in the U.S. and time is running out

October 4, 2013

The is still no sign of an agreement on Capitol Hill as the government shutdown continues and time runs out to raise the debt ceiling by 17 October. The U.S. Treasury warned of the risk of a deep recession should the debt limit not be increased in time. The focus of the day would have been the monthly labor market report for September. Due to the ongoing government shutdown, its release was postponed.

However, the median analysts’ forecast calls for a 180,000 gain in non-farm payrolls, following an increase of 169,000 in August. After the unemployment rate continued to decline in August, it is expected to have remained unchanged at 7.3% in September.