The core CPI held steady for the third month in a row, and core prices slipped from 0.8% year-over-year in September to just 0.6%.
That might normally set off alarm bells at the Fed, but seasonal factors may have played a role in October’s number.
Additionally, the Fed’s latest round of quantitative easing has all but eliminated the slim chance that the U.S. will slip into deflation.
Still, at 0.6%, there is little in the way of retail inflation in the economy.
Detail available in my report at Examiner.
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