European Stocks Rise as U.S. Inflation Data Eases Fed Rate Hike Fears 
China Automakers Accelerate Global Expansion as Domestic Car Sales Slump 
Strait of Hormuz Shipping Near Standstill After New Vessel Attacks 
BOJ Seen Holding Rates at 1% While Keeping Inflation Risk Warning 
US Dollar Holds Firm as Fed Outlook and Iran Tensions Keep Markets on Edge 
Japan PM Sanae Takaichi Unveils Growth Plan as BOJ Independence Concerns Lift Bond Yields 
RBA Signals More Rate Hikes Possible as Australia Battles Stubborn Inflation 
Japan Government Backs Earlier BOJ Rate Hike as Inflation Pressures Build 
Japan Services Producer Prices Rise 3.2% in June, Supporting BOJ Rate Hike Expectations 
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The Fed funds futures, Eurodollar Futures and UST 5Y5Y forward breakeven all suggest the prospect of fewer rate hikes in the year of 2019, although the FOMC anticipated three hikes next year according to the September "dot plot" forecasts, according to the latest research report from Scotiabank.
The Fed has fine-tuned its policy stance amid risks of a synchronized global slowdown. Minneapolis President Neel Kashkari, who has repeatedly called for caution on raising interest rates, said on Tuesday that further tightening could trigger a recession.
Further, President Donald Trump renewed his criticism of the Fed on Tuesday, describing the US central bank as a "problem" as he called for lower interest rates. New York Fed President John Williams said on Monday that the US central bank will stick with its campaign of gradual interest-rate increases, but added that the Fed is not on a pre-set course and will adjust monetary policy to do its best to keep the US economy going strong with low inflation, the report added.
Fed Vice Chairman Richard Clarida said last Friday that the US central bank’s benchmark short-term rate is getting closer to a "neutral" level and should be "data dependent" on more hikes.
Meanwhile, the US ISM manufacturing index fell to a six-month low in October, raising concern over a synchronized global slowdown. Data also showed cooling factory activity in the EU and China. In addition, falling Baltic Dry Index, official manufacturing PMI and PPI inflation confirmed that China’s economy is losing steam.
