MARKET DAILY

Market 01/19: Budget agreement passed preventing government shutdown

Banks ramp up arbitrage activity before Fed ends BTFP - Existing home sales decline - Consumer inflation expectations decrease.

Bipartisan parties reached an agreement yesterday to keep the government open until early March, extending time to find common ground for a long-term 2024 agreement.

Goods inflation has returned to normal, services inflation also progressing better than expected.

Unemployment rate and labor market not yet a current concern.

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