The government shutdown is likely to cement additional Fed interest rate cuts
If any doubts remained about whether the Federal Reserve will be lowering its key interest rate later this month, the budget loggerheads a few blocks away in the nation's capital may have cemented the move. Particularly if the impasse stretches out past a few days, Chair Jerome Powell and his fellow central bankers likely will err on the side of caution, which in this case would be a bias towards easing, Wall Street experts say. Read more: CNBC