Brent crude is still near $103 a barrel even after a 1% dip, and the Fed raised rates to 3.75%-4.00%, with markets pricing another hike in December. The Bank of Japan and Hong Kong also tightened, and the Bank of England warned UK inflation could top 4% early next year. For a Thai SME, expect fuel, freight and imported input costs to stay high and borrowing costs to face upward pressure. Review fuel and shipping cost assumptions in your budget and lock in fixed-rate terms where you can. The "Thais Help Thais Plus" stimulus was extended to Nov 30, which may support domestic demand for a few more weeks.