US October CPI +7.7% y/y vs +8.0% expected

• Prior was +8.2%
• m/m CPI +0.4% vs +0.6% expected
• Prior m/m reading was +0.4%
• Real weekly earnings -0.1% vs -0.1% prior

Core inflation:

• Ex food and energy +6.3% vs +6.5% y/y expected
• Prior ex food and energy +6.6%
• Core m/m +0.3% vs +0.5% exp
• Prior core m/m +0.6%

This inflation Inflation Inflation is defined as a quantitative measure of the rate in which the average price level of goods and services in an economy or country increases over a period of time. It is the rise in the general level of prices where a given currency effectively buys less than it did in prior periods.In terms of assessing the strength or currencies, and by extension foreign exchange, inflation or measures of it are extremely influential. Inflation stems from the overall creation of money. This money is m Inflation is defined as a quantitative measure of the rate in which the average price level of goods and services in an economy or country increases over a period of time. It is the rise in the general level of prices where a given currency effectively buys less than it did in prior periods.In terms of assessing the strength or currencies, and by extension foreign exchange, inflation or measures of it are extremely influential. Inflation stems from the overall creation of money. This money is m Read this Term report sets the stage for the rest of the year, or at least until the December 13 CPI print.

There's a major dovish reaction in the markets with the US dollar sinking, equities dropping and bonds rallying strongly.

The details of the report show shelter running hot with owners-equivalent rent +0.6%.

• Used cars -2.4% m/m
• Food +0.6% m/m
• Energy +1.8% m/m
• Fuel oil +19.8% m/m
• New vehicles +0.4%
• Apparel -0.7%
• Medical care 0.0%