Positives 1)The October CPI rose .4% headline and .3% core, both two tenths below expectations. The headline y/o/y increase was 7.7% vs 8.2% in September. The core rate was higher by 6.3% y/o/y after the 40 yr high print of 6.6% in the month before. Energy prices rebounded by 1.8% m/o/m after 3 months of declines and are higher by 17.6% y/o/y. Food prices rose …
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