Why isn't the approval rate of all loans released? 🤔

Last night, I read a post describing the cause of recessions. The yield spread inversion is not a cause of recessions. It's just a score marking the Fed's monetary policies. It's interesting 🤔 Because, I've been wondering about the reason.

So, who's marking the score for the Fed's monetary policies? The answer is market participants who are bond traders. I think bond traders are smarter than the Fed. Their predictions have been aaccurate during the last 40 years.

I couldn't find any information about the approval rate of all loans on the FRED(Federal Reserve Economic Data). Does they hide the information due to it's a key hint of recessions?