According to a report from "New Fed Communications" journalist Nick Timiraos, the trend of slowing inflation in the United States continued into October, and the Federal Reserve may have completed its current cycle of interest rate hikes. Timiraos said that the October employment and inflation reports strongly suggest that the Fed's last interest rate hike occurred in July. The focus of the next Fed meeting debate may not be whether to raise interest rates again, but rather whether and how to modify the guidance in the post-meeting statement to reflect recent progress in inflation and the increasingly dim prospects for further interest rate hikes. If the Fed keeps rates unchanged next month, it is expected to extend the current pause in interest rate hikes to about six months.