Fed is flying blind without key data amid shutdown

Following the government shutdown, the Federal Reserve will be flying more blind than usual without key data. This could lead to a mistake in setting interest rates, cutting too much if the job market strong, too little if it's weaker than thought. But there are clues to watch on the state of the economy.One of them is the ADP's private payroll report. It came in surprisingly weak. Last month, the private sector shed 32,000 jobs, marking the biggest decrease since 2023.JP Morgan Mike Feroli says the continu ...