Goldman Sachs says the probability of a US government shutdown is now 90%

<p>I posted yesterday on GS on the likelihood of multiple shutdowns ahead:</p><ul><li><a href="https://www.forexlive.com/news/goldman-sachs-is-warning-that-multiple-us-government-shut-downs-are-possible-20230927/" target="_blank" rel="follow" data-article-link="true">Goldman Sachs is warning that multiple US government shut downs are possible</a></li></ul><p>The latest from GS is that they see the first shutdown as imminent:</p><ul><li>"A shutdown this year has looked likely for several months, and we now think the odds have risen to 90%” </li><li>the most likely scenario is the government will shut down on October 1.</li><li>“While there is still a chance that Congress can reach a last-minute deal to extend funding past Sep. 30, there has been little progress made and there is little time left,” </li><li>“In the seemingly unlikely event Congress passes a short-term extension, we would still expect a shutdown sometime later in Q4.”</li></ul><p>Also:</p><ul><li><a href="https://www.forexlive.com/news/goldman-sachs-fade-usd-weakness-on-potential-us-government-shutdown-20230927/" target="_blank" rel="follow" data-article-link="true">Goldman Sachs: Fade USD weakness on potential US government shutdown</a></li></ul><p>When will the last domino fall?</p><ul><li><a href="https://www.forexlive.com/news/moodys-warns-that-us-government-shutdown-would-be-credit-negative-20230925/" target="_blank" rel="follow" data-article-link="true">Moody's warns that US government shutdown would be 'credit negative'</a></li></ul>

This article was written by Eamonn Sheridan at www.forexlive.com.