2023. 11.10 Today’s Focus

1. Fed-Powell: Will further raise interest rates if necessary; will proceed with caution; future inflation progress is more likely to come from monetary policy rather than the supply side. O'Neill Pace: does not want to rule out the possibility of further raising interest rates if necessary, focusing on the economy Performance, long-term bond yields and considering the impact on policy, Barkin: Inflation has made real progress, whether further interest rate hikes are needed remains to be seen, overnight reverse repurchase use fell below $1 trillion for the first time in two years, Bosty K: The policy may be restrictive enough.

2. Biden supports the UAW in organizing a union for Tesla workers.

3. India and Pakistan exchanged fire again, and an Indian soldier died.

4. Jikrypton Automobile submitted its IPO in the United States, and its car sales in the first half of this year were 13.2 billion yuan.

5. Spot palladium fell below $1,000 per ounce for the first time since 2018, and the longest daily winning streak of U.S. stocks in the past two years came to an end.

6. The U.S. 30-year Treasury bond auction was cold, with the bid rate 5bp higher than the pre-issuance rate and the bid multiple lower than the recent average.

7. The United States said that Israel will maintain a four-hour truce every day in parts of Gaza; Israel said that this is not a ceasefire, but a "humanitarian corridor."