The 21st US government shutdown since 1976 is now underway. Shutdowns are usually considered “non-events” for financial markets but in a politically polarised environment with midterm elections next year, this one could have longer-lasting consequences.

In this short PERSPECTIVES Video our CIO Americas, Deepak Puri, discusses how this shutdown may play out, detailing why this time the US labour market may be the area of the economy most affected and advising investors to exercise caution.

 

Key topics covered in the video include:

  • The historical context 
  • The likely resolution scenarios
  • The potential economic impacts
  • The contrasting implications between and within asset classes

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