The data-dependent Fed doesn't have data, expert says

As is often the case, we are navigating by the stars under cloudy skies. In such circumstances, riskmanagement considerations are critical. At upcoming meetings, we will assess our progress based on the totality of the data and the evolving outlook and risks.>> So that was Fed Chair J. Pal back in August of 2023. Now, the proverbial cloudy skies are even cloudier as the Fed is trying to navigate a December meeting without key economic data because of the government shutdown.Let's bring in Crescent Chief Inv ...