Odaily Planet Daily reports that Federal Reserve Bank of New York's John Goolsby said on Thursday that the lack of official inflation data during the government shutdown "further underscores" his caution regarding further interest rate cuts. "My inclination is that when things are still very unclear, we should be more careful and slow down," Goolsby said in an interview. Goolsby pointed out that the Fed still has access to various private data on the labor market, including the Chicago Fed's newly released bi-weekly unemployment rate estimate. Latest data shows that the unemployment rate may have risen to 4.4% in October, the highest level in four years. He stated that this estimate, along with most other labor market indicators, shows that "the labor market remains fairly stable." "If the labor market starts to deteriorate, we can see signs almost immediately." However, he also mentioned that alternative sources of inflation data are very limited. Before the government suspended the release of economic data, statistics showed signs of rising inflation. He said, "If there's a problem with inflation, there's actually no observable data to reflect it, which makes me even more cautious about cutting rates prematurely." (Jinshi)