US stock market down on inflation concerns, potential government shutdown. Australian market affected.

The US stock market closed lower last week as investors reacted to the US Federal Reserve's warning about higher inflation. Additionally, there is concern about a potential government shutdown if spending bills are not approved by September 30. As a result, the Australian sharemarket is expected to have a softer start today. The Australian government is also releasing its employment white paper, which will outline future policies on skills, training, and employment in the country.