The Fed held rates steady, but the dissenting votes from Hamack and Cook boosted the probability of a December rate hike to 78.4%. The hawkish stance paused, the dollar "sold out," and gold rebounded from $4027 to $4055 overnight, with ETFs still increasing their holdings. Last night's US earnings reports were the real battleground: Microsoft Azure rose 48%, exceeding guidance and plans to accelerate growth next quarter, gaining 6% in after-hours trading; Google missed both revenue and profit targets, falling as much as 10% in after-hours trading, with Nasdaq futures dropping 1%. The same AI, two different results: the computing power hardware chain is approved, the advertising/application chain is scrutinized. The A-share market opens today; let's see if the computing power chain can withstand external pressures. The Shanghai Composite Index at 3681 is a watershed. Tonight's US core PCE + Q3 GDP preliminary figures mean the story of a December rate hike is far from over.