Cathay Pacific Haitong released a research report saying that expectations for non-agricultural supermarkets have rebounded, mainly due to the strengthening of professional services and health care. The unemployment rate has declined and the participation rate has increased, and the demand for labor remains stable. October's non-farm payrolls data weakened the Federal Reserve's reason to wait and see due to a slowdown in employment. At the October interest rate meeting, two voting committees already supported interest rate hikes; the September bitmap shows that 16 out of 18 officials are expected to raise interest rates at least once during the year; the core PCE in September was still 3.1% year over year, higher than the 2% target. After the data was released, according to CME data, the market expected the probability that the Fed would raise interest rates in December from 66.9% to 76.8%. The bank judged that the Federal Reserve may raise interest rates by 25 basis points in December. If the CPI falls back beyond expectations in October, it will reduce the urgency of raising interest rates, but it will be difficult to change direction.

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