Fed Faces Data Blackout as ADP Halts Employment Sharing Amid Government Shutdown
The Federal Reserve confronts a data vacuum ahead of its Oct. 28-29 meeting after ADP terminated high-frequency employment data sharing, compounding disruptions from the 22-day government shutdown, BlockBeats reports on Oct. 23. Fed Chair Powell's direct intervention to restore data access proved unsuccessful. The Oxford Economics Institute warns that if the impasse extends into mid-November, overlapping with the holiday season could trigger consumer confidence collapse and lasting economic damage. Market participants are positioning for potential early quantitative tightening termination or aggressive December rate cuts, while BTC shows concentrated liquidation clusters above $114,000 with strong support absorption between $105,000-$106,000, Bitunix heat map data show.