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Washington at a Standstill: What are the Risks for the Markets?

With the US government shutdown, “fiscal QE” came to an abrupt halt. It comes at a time when the US Treasury has become the central player in providing liquidity to the system. The longer the situation drags on, the more the pipeline seizes up – and the greater the likelihood of an accident.

Laurent Maurel - Oct 2, 2025
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