[CITIC Securities: Still Expects Another 25bp Rate Hike by the Fed in December] Odaily Planet Daily reports that a research report from CITIC Securities states that the Fed held rates steady in October as expected, with a more optimistic tone regarding the pace of economic expansion and a more cautious guidance on policy stance. Warsh's post-meeting remarks were more dovish than in September, mentioning that credit conditions have tightened and inflation expectations are moving in the right direction, and also foreshadowing adjustments to the FOMC meeting schedule over the next two years. We still expect the Fed to raise rates by another 25bps in December, and the end of this rate hike cycle may not be far off. New variables in the Middle East situation are not yet sufficient to provide a clear and long-term exit path for both the US and Iran. High oil prices may continue until the situation becomes clearer, and further improvement in dollar liquidity requires new catalysts. (Golden Ten)