Summary:
- The article discusses how the private company ADP (Automatic Data Processing) has stopped providing the Federal Reserve with access to its private employment data.
- This data was previously used by the Fed to help inform its decisions on interest rates and monetary policy, as it provided a more up-to-date snapshot of the job market.
- The article suggests that this move by ADP could make it more difficult for the Fed to accurately assess the state of the economy and make informed policy decisions.