At the moment Trump signed, the 43-day government shutdown finally came to an end—this is the longest in American history. The government has restarted, and the major macro-level hidden dangers have been temporarily lifted, allowing trade and government operations to return to normal. However, the market needs to closely monitor two directions next:

**First**, the government has opened the door, and the money in the TGA account needs to be released, but there needs to be a process for this liquidity to flow into the market. How much can the issue of tight underlying liquidity be alleviated? When can risk assets truly get the support they need?

**Second**, liquidity has eased, but how to mobilize this money is the key. Therefore, the game of the interest rate decision in December will be the main storyline for a period of time in the future.

The focus this week? Let's see if the official CPI inflation data can be released on time after the government gets back to work. The Federal Reserve's secretary previously hinted that the inflation and employment data for October might be permanently missing, and even the November data could be affected.

What is the real situation? We will find out tonight—will the October CPI be published as scheduled? The time has changed because the U.S. has entered daylight saving time; the original 20:30 has been pushed back by an hour, so keep an eye on 21:30 for any movement. If the data doesn't come out, the subsequent employment data will likely be in jeopardy as well. Without official data, there will definitely be a lot of internal disputes at the Federal Reserve, and the likelihood of a rate cut in December will be directly questioned.

Finally, a reminder: the government's opening has fundamentally dispelled concerns about liquidity exhaustion, but for the money in the TGA account to truly flow into the market, we still need to wait. Don't rush, give it some time.