Fed loses access to key jobs data ahead of FOMC meeting, markets reel

Officials of the Federal Reserve recently lost access to employment data from ADP, the Washington Post reported on Oct. 22. Since the central bank is already unable to receive key economic data in the U.S. due to the ongoing government shutdown, the loss of ADP jobs data would make it even more difficult for it to make policy decisions regarding interest rates. The uncertainty fuelled the crypto markets to slump even further. The total crypto market cap fell to $3.65 trillion at press time, down 4.79% in ...