Fed Chair Powell said there was no need for the central bank to "rush" to cut rates and that policy would be gradually adjusted to neutral. The odds of a 25-bp rate cut by the Fed in December fell to 67.3% from 72.2% before Mr. Powell spoke. Fed Barkin said the Fed is working to normalize its balance sheet rather than using it to tighten financial conditions. Us PPI rose 2.4% yoy in October vs 2.3% estimated vs 1.8% previously; On a monthly basis, the U.S. PPI rose 0.2 percent in October, compared with 0.2 percent estimated and 0 percent previously. The Treasury Department doesn't label any country a currency manipulator. U.S. money-market assets topped $7 trillion for the first time, according to Crane. As a result, the dollar may rise further, and we need to keep an eye on it.