Based on the current information, the market is optimistic that the US Federal Reserve System (Fed) will cut interest rates again in November. Here are some key points:

- Market expectations: According to CME's "Fed Watch" data, the probability of the Fed cutting interest rates by 25 basis points in November is as high as 97.4%. This shows that the market generally believes that a rate cut is almost certain.

- Economic data: Although the September employment data exceeded expectations, reducing the possibility of a sharp rate cut, the overall economic environment and market expectations of a future economic slowdown are still driving expectations of rate cuts. For example, the September non-farm payrolls data showed an increase of 254,000 jobs, exceeding expectations, but the market still expected a moderate rate cut.

- Inflationary pressure: Although data showed that there may be upside risks to core CPI, the market still seems to expect the Fed to take moderate monetary policy adjustments to address the risk of economic slowdown, rather than focusing too much on short-term inflationary pressure.

- Fed's stance: The Fed has also hinted in previous meetings and statements that it may take measures to cut interest rates to support economic recovery, although they will also pay attention to inflation levels.

On the whole, **market sentiment and data analysis** show that the Fed is very likely to cut interest rates by 25 basis points in November, and market participants generally believe that this is one of the Fed's moderate measures to deal with a possible economic slowdown. Nevertheless, there are always uncertainties in economic data and changes in the global economic situation, which may affect the Fed's decision-making.