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BlockBeats News, November 6, Federal Reserve's Goolsbee said on Thursday that the lack of official inflation data during a government shutdown "further highlights" his cautious stance on further rate cuts. In an interview, Goolsbee said, "My inclination is that when the road ahead is still foggy, we should be even more careful and slow down." Goolsbee pointed out that the Federal Reserve can still access a variety of private data on the job market, including the newly launched biweekly unemployment rate estimate from the Chicago Fed. The latest data shows that the unemployment rate in October may have risen to 4.4%, the highest level in four years. He stated that this estimate and most other labor market indicators show that "the job market remains quite stable." "If the labor market starts to deteriorate, we can almost immediately see signs." However, he also mentioned that alternative data sources on inflation are very limited. Before the government suspended the release of economic data, statistics showed signs of a rebound in inflation. He said, "If there is a problem with inflation, there will actually be no corresponding observational data to reflect it, which makes me even more cautious about cutting rates prematurely." (Golden Ten Data)

BlockBeats News, November 6, according to Coinglass data, in the past hour, liquidations across the entire network reached $50.65 million, with long positions liquidated for $43.09 million and short positions liquidated for $7.37 million.