[US October PPI Hits Four-Year High, Further Strengthening Fed Rate Hike Expectations] According to Jinshi Data on November 13th, US producer prices rose further in October, marking the largest annual increase in four years. This supports market expectations that the Federal Reserve may continue to raise interest rates after the widely anticipated rate hike next month. The US Bureau of Labor Statistics said on Friday that the US October PPI rose 0.3% month-on-month, lower than the expected 0.4%, while the previous value was revised upward to 1.4%. Producer prices were boosted last month by a 0.5% increase in goods prices, mainly food and basic organic chemicals. Service sector prices rose 0.2%, marking the fifth consecutive month of increase. The October PPI surged 6.5% year-on-year, the largest annual increase since November 2022, following a 6.3% increase in September. This report comes after the October CPI, released this week, exceeded expectations. In addition, non-farm payrolls surged last week, and the unemployment rate fell to 4.1% from 4.2% in September. In addition, comments from Federal Reserve Governor Waller have caused financial markets to waver between "incorporating a 25-basis-point rate hike in December into expectations" and "leaving room for a 50-basis-point rate hike."