According to CoinMeta, data released by the U.S. Bureau of Labor Statistics on Friday showed that in October 2023, the United States added 165,000 new jobs, exceeding Wall Street's expectation of 65,000, indicating that the fundamentals of the U.S. labor market remain strong. At the same time, the job creation data for September was also revised upward to 60,000. Following the release of the data, U.S. Treasury yields and the dollar both rose, and traders quickly raised their expectations for interest rate hikes. The yield on two-year U.S. Treasuries, which are highly sensitive to monetary policy, increased by 0.06 percentage points to 4.53%. Against this backdrop, the Democratic Party achieved a major victory in this week's mid-term elections, taking control of Congress, which represents a clear rejection of President Trump. The market expects the Federal Reserve to raise interest rates next month, and the resilience of the labor market provides room for the Fed to take measures to curb inflation. Federal Reserve Chairman Kevin Warsh emphasized last week that the hiring momentum is strong, and the central bank chose to keep interest rates unchanged.