Although Federal Reserve Chairman Powell hinted in the early hours of November 2nd that the Fed may still raise interest rates in the future, Wall Street capital believes that the Fed's actual attitude towards further rate hikes is "just talking, not doing". The latest US dollar interest rate swap contracts show that traders believe that the probability of the Federal Reserve raising interest rates in December is less than 15%, and the probability of raising interest rates in January next year is less than 30%, which invisibly declares the end of the Federal Reserve's interest rate hike cycle.