The Data Vacuum: A Dangerous Blackout Thanks to the government shutdown, the Fed is going into its December meeting without the October jobs report. The Bureau of Labor Statistics couldn’t complete its household survey, so the Fed is now making decisions on weeks-old data and political instinct. This isn’t just bureaucratic inconvenience. It’s like a pilot flying into a thunderstorm without instruments, hoping muscle memory gets him through. When the system depends on confidence, and that confidence is built on data, cutting off the data is like pulling the oxygen out of the room. The Fed’s next move could be based on wishful thinking or internal compromise—not reality. And that makes the outcome volatile and dangerous. Two Camps, One Broken…
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