ChainCatcher News, the financial website Forexlive reports that former U.S. President Jimmy Carter has passed away, with his funeral scheduled for January 9.

Historically, the U.S. stock market has closed on the national day of mourning for a former president's funeral, and it is expected to be the case this time as well. Federal non-essential employees will also have a day off, which may impact the economic data released that day. (Jin Shi)