The U.S. government is nearing its longest shutdown in history, with Republicans and Democrats still at loggerheads over the nation’s budget. While the standoff shows no immediate sign of easing, investors and policy decision-makers are flying blind without federal data to help color their perceptions about the health of the economy.
For now, data ignorance is bliss on Wall Street as investors warned not to rely too heavily on private surveys | Fortune
“The danger with this data is that its message will be given unwarranted credibility by the absence of proper economic data,” said UBS chief economist, Paul Donovan.
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