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This week, commodity prices slid broadly as global equity markets de-risked and traders grew cautious about growth prospects. The ongoing U.S. government shutdown — now the longest in history — continued to cloud economic visibility, with consumer sentiment plunging to its lowest levels in years. Private-sector jobs data further whispered caution: the latest surveys showed significant weakness and announced layoffs, amplifying fears of a slowing economy.
By Jennifer PickerelThis week, commodity prices slid broadly as global equity markets de-risked and traders grew cautious about growth prospects. The ongoing U.S. government shutdown — now the longest in history — continued to cloud economic visibility, with consumer sentiment plunging to its lowest levels in years. Private-sector jobs data further whispered caution: the latest surveys showed significant weakness and announced layoffs, amplifying fears of a slowing economy.