December S&P 500 futures (ESZ23) are up +0.06%, and December Nasdaq 100 E-Mini futures (NQZ23) are up +0.24% this morning as market participants looked ahead to comments from Fed Chair Jerome Powell and other Fed officials later today, while also bracing for more data on the U.S. labor market after a U.S. government shutdown was averted over the weekend.
The U.S. Congress passed a stopgap funding bill late on Saturday, sending the legislation to President Joe Biden, who signed it into law before the midnight deadline. The bill sustains government funding at 2023 levels until November 17th and does not include aid for Ukraine but increases federal disaster assistance by $16 billion.
