The annual inflation rate in the US slowed to 3.2% in October 2023 from 3.7% in both September and August and below market forecasts of 3.3%. Meanwhile, the core CPI unexpectedly rose 4% on the year and 0.2% on the month, below forecasts of 4.1% and 0.3% respectively.

7 comments

1. This is the 31st consecutive month with inflation above 3%.

   Inflation in America is once again on the decline.

   The American 10-year immediately fell back below 4.5%.

   How will the Fed react?

   The Fed will also have November data available at its next FOMC scheduled for December 12 and 13, 2023.

2. Fed’s gotta cut. They’re setting themselves up for trouble in six months.

3. Meat – It’s what’s for dinner tonight!

4. Futures are saying 2-3 holds and start cutting around May-June.

5. That arguably far more important number is closer to 5%.

   Why wouldn’t you mention that? Can’t imagine.

6. stocks are pumping so i think i can afford a $7 latte today. i might even leave a tip. 25% even.

7. Risk on!