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[SMM Nickel Morning Meeting Summary] Super Central Bank Week begins, awaiting US Fed decision; most-traded SHFE nickel contract shot up then pulled back in early trading

[10. 28 Morning Meeting Minutes] The "super central bank week" kicks off, with the US Fed decision to be announced tomorrow morning. The US Fed holds its policy meeting on October 27-28, with the rate decision to be released at 2:00 a. m. Beijing time on October 29. The market expects the Fed to hold rates steady (the probability of a rate hike in October is about 10. 5%), but the probability of a cumulative 25 bp rate hike by December has risen to about 78%. The European Central Bank, the Bank of Japan, the Bank of Canada, and the Reserve Bank of New Zealand are also holding policy meetings this week. The 10-year US Treasury yield held steady at 4. 98%-4. 99%.

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