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No Unexpected Close Friday

US

Market chatter over Juneteenth becoming a Federal holiday -- though would fall on Saturday -- chatter that banks may have to scramble if the Federal Reserve follows suit. Bubble burst: According to the Fed:

  • "In anticipation of President Biden signing into law the Juneteenth National Independence Day Act, we are notifying our customers that Federal Reserve Financial Services will remain open on Friday, June 18, 2021, and Monday, June 21, 2021. This conforms to our standard practice for any federal holiday that falls on a Saturday".
  • "In the event the bill is signed into law, the Federal Reserve will determine how to adjust our schedule to reflect the new federal holiday in the years to come".

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