[CPI and PPI Data Released, Market Expectations for Fed Rate Hike Strengthen] On November 13th, institutional analysis pointed out that after the release of CPI and PPI data, market participants' expectations for a rate hike at the next Federal Reserve meeting have strengthened. Oxford Economics predicts that the October PCE inflation rate will rise to 3.8% annually, higher than September's 3.6%. (Source: Jinshi) AI Interpretation: The inflation data exceeded market expectations, directly increasing the necessity for the Federal Reserve to maintain a tight monetary policy. This trend has completely shattered market illusions of a short-term shift to easing, forcing investors to repric the interest rate path. High inflationary pressures force the Federal Reserve to maintain high interest rates for a longer period to curb prices. The increased market expectations for a rate hike reflect concerns about the risk of an overheated economy, which will continue to suppress the valuation space of risk assets.