[SMM Aluminum Morning Meeting Minutes: Fed Hawks Soar Late at Night, Shanghai Aluminum Rebounds Slightly Overnight] On the macro front, the U.S. Producer Price Index (PPI) for October was slightly higher than expected, coupled with the number of initial jobless claims for that week hitting a new six-month low, the U.S. dollar index maintained an upward trend, and non-ferrous metals continued to face pressure. Late at night, Fed officials delivered hawkish remarks, indicating that the Fed does not need to rush to cut interest rates, prompting the market to start reducing bets on a December rate cut. Domestically...
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