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[Global next week: The US government "shutdown" is a certainty? A number of economic data or suspended release] September 30 is the last day of the US fiscal year 2023, the US Congress needs to pass the budget appropriations bill before this day, covering the next fiscal year's discretionary spending and federal agency funding. If a budget appropriations bill or stopgap funding bill is not passed by then, the U.S. government could shut down. If the U.S. government shuts down, the release of a range of macroeconomic data will be suspended indefinitely, including the September non-farm data scheduled for release next Friday. The September nonfarm report has important implications for the Fed's next policy action, and if the labor market continues to strengthen, the chances of the Fed continuing to raise interest rates will increase.
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