[State Street: Impact of U.S. Government Shutdown Lifted, Market Focuses on Economic Data and Fed Policy]
State Street's Head of Macro Strategy, Michael Metcalfe, stated that the impact of the U.S. government shutdown has been lifted, and economic growth has not been severely affected. Investors are now focusing on the employment data delayed due to the shutdown to assess whether the Federal Reserve will cut interest rates again in December. Metcalfe noted that stock market performance depends on the extent of weakness in economic data, which needs to be weak enough to support a rate cut while avoiding being overly weak to the point of sparking concerns about an economic slowdown.