Fed's Miran: Potential end to government shutdown doesn't change outlook much

The Senate has reached a bipartisan deal to extend government funding, in a major sign the shutdown is poised to end TRUMP: “LOOKS LIKE WE’RE GETTING VERY CLOSE TO THE SHUTDOWN ENDING.” Shutdown end in sight as centrist Democrats back Senate stopgap deal to reopen government The U.S. government shutdown appeared close to ending after a group of centrist Senate Democrats agreed to support a stopgap deal to reopen key agencies and provide temporary funding. • Under the proposal, federal employees would receive back pay and states would resume delayed federal transfers. • The measure would fund certain departments through January 30, while others would receive full-year appropriations. However, the bill faces a tough path in the House. Democratic leaders have spoken out against the compromise, arguing it concedes too much to Republicans. At the same time, conservative GOP lawmakers are pushing for a broader package that would fund the entire government through September 30, setting up another potential standoff. The agreement marks the most serious bipartisan effort yet to end the protracted shutdown, though the political divisions underscore the difficulty of reaching a lasting budget deal.

Fed's Musalem: The US economy is pretty resilient. Fed's Musalem: I am very much looking forward to seeing official data. FED MUSALEM: LABOR MARKET IS AROUND FULL EMPLOYMENT, BEEN COOLING I FEEL WE HAVE A PRETTY GOOD SENSE OF WHERE ECONOMY IS *MUSALEM: CONSUMER BALANCE SHEETS ARE OK, CONSUMER NOT INDEBTED *MUSALEM: LOWER-INCOME FOLKS ARE TAKING ON MORE CREDIT-CARD DEBT Fed's Musalem: It is important to tread with caution, with limited room to ease policy further.

Fed's Daly: Inflation Has Been Pretty Contained In Goods Prices – BBGTV - Rate Cut So Far Has Supported Labor Market, Keeps Downward Pressure On Inflation - Productivity, GDP Is Rising As Labour Market Is Slowing - Policy Is In A Good Place SF FED'S DALY Q&A/BBG: GOOD NEWS THAT INFLATION SLOWING OUTSIDE OF TARIFFED GOODS; PRODUCTIVITY RISING AND MONPOL STILL MILDLY RESTRICTIVE #Daly #FederalReserve #economy Fed's Daly: We are not going to see inflation pressure from labor cost side. Fed's Daly: Slowing Wage Growth Shows It's A Negative Demand Shock In Labor Market - If Firms Were Scrambling To Find Workers Wages Would Rise - We’re Definitely In A Low-Firing, Low-Hiring Period DALY: ASSET VALUATIONS REFLECT HIGHER PRODUCTIVITY EXPECTATIONS, WHETHER AI ENDS UP TO BE TRANSFORMATIVE OR NOT