Let Me Tell You Exactly Why Prices Are About To Shock You

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Inflation was flat in October from the prior month, core CPI hits two-year low. The consumer price index was flat in October from the previous month but increased 3.2% from a year ago. Both were below Wall Street estimates, sparking a major rally on Wall Street. Excluding volatile food and energy prices, the core CPI rose 0.2% and 4%, against the forecast of 0.3% and 4.1%. The annual rate was the smallest increase since September 2021. The flat reading on the headline CPI came as energy prices declined 2.5% for the month, offsetting a 0.3% increase in the food index. Following the report, traders took any potential Fed rate hikes almost completely off the table, according to CME Group data. #inflation #interestrates #federalreserve #CPI #mortgage

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The Deflation? Where Is It? 0:00

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