John Burn-Murdoch

@jburnmurdoch.ft.com

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Columnist and chief data reporter the Financial Times | Stories, stats & scatterplots | john.burn-murdoch@ft.com 📝 ft.com/jbm

ADP stopped providing its data to the Fed shortly after a speech by Fed governor Christopher Waller in late August drew attention to the central bank's longstanding use of its weekly payroll data, according to a person familiar with the matter. It couldn't be learned what prompted the change. The Fed's use of ADP data wasn't a new revelation.