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The Federal Reserve. Photo: Smith Collection/Gado/Getty Images

The Federal Reserve may not have access to some important data points because of the partial government shutdown. The Department of Labor will remain open through the shutdown, thanks to an earlier congressional spending agreement, but the Department of Commerce has already closed, shuttering the Census Bureau and Bureau of Economic Analysis.

What it means: We'll still get the jobs report and inflation data like CPI, but economic indicators including the government's retail sales report, GDP and durable goods will all stop during the shutdown. Reports on factory orders, construction spending and new home sales have already been missed.

Why you'll hear this again: Bostic also pointed to the partial government shutdown as impacting his expectation for just one interest rate hike this year instead of the two outlined at the Fed's most recent meeting.

Overnight from Bloomberg: The shutdown is "forcing analysts to focus on alternative data to gauge the effects of a trade war and the pace of growth in recent weeks... leaning more on reports such as business surveys and port-traffic data.

Go deeper: Trump's new urgency on solving the shutdown

Go deeper

Biden to tap telecom trio for NTIA, FCC posts

Jessica Rosenworcel. Photo: Bill Clark/CQ Roll Call

President Joe Biden on Tuesday is expected to name Alan Davidson as head of the telecom arm of the Commerce Department, Jessica Rosenworcel as chairwoman of the Federal Communications Commission and Gigi Sohn as a commissioner at the FCC, according to a person familiar with the process.

Why it matters: Internet availability and affordability has been a key policy priority for the White House, but the administration lagged in tapping people for the agency posts that oversee the issues.

1 hour ago - Technology

Facebook seeks fountain of youth

Data: Piper Sandler Taking Stock With Teens Study; Chart: Axios Visuals

Facebook CEO Mark Zuckerberg on Monday said that the company is pivoting its strategy to focus on young adults, following reports that teens have fled its apps.

Why it matters: A series of stories based on leaked whistleblower documents suggest the company sees the aging of its user base as an existential threat to its business.

Too big to cover alone: Newsrooms team up

Illustration: Annelise Capossela/Axios

News outlets are increasingly willing to work together on big, multifaceted stories — including this week's reporting on leaked documents from a Facebook whistleblower.

Why it matters: Collaborative efforts help bring more resources to bear on complex stories, some of which require a global reporting effort. But they require high degrees of coordination, and competition can sometimes get in the way.