Fed is Getting By with Alternative Data, but It Isn’t a Replacement
Update: 2025-10-30
Description
The Federal Reserve is grappling with an unprecedented challenge due to the ongoing government shutdown, as they lack crucial economic data to guide their decisions. With official statistics unavailable, they're relying on private sources, state records, and research reports to understand the economy. This patchwork of data limits their ability to see the full picture, making it harder to make informed decisions about interest rates and economic direction. The uncertainty could impact investments, spending, and borrowing, as the Fed's actions significantly influence the economy. Everyone from business owners to Wall Street is facing increased uncertainty until the shutdown ends and regular data reporting resumes.
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