[Bitunix Analyst: U.S. Employment Data Shutdown May Impact Federal Reserve Policy] On November 10, the U.S. government shutdown entered its second month, halting the release of official economic data and leaving the market reliant on private reports to analyze economic conditions. Data from ADP and Challenger indicate weakening resilience in the U.S. job market, with layoffs increasing, hiring slowing, and the consumer confidence index hitting a three-year low—signs of economic cooling are emerging. Bitunix analysts point out that in the absence of data, the Federal Reserve may rely more heavily on market signals and changes in financial conditions to assess policy direction. Declines in layoffs and confidence indices may fuel expectations for rate cuts. In the coming weeks, the U.S. economic data shutdown could trigger global liquidity fluctuations.