Headline CPI month over month came in at +0.2%, in-line with expectations and the September print. Stripping out volatile food and energy prices, core CPI month over month reached +0.3%, also in-line with both the consensus and the prior month.

Consumer Price Index inflation increased 0.2% in October for an un-adjusted annual rate of 2.6%, meeting expectations, according to the Bureau of Labor Statistics.

"It seems that each time the noisy categories distort inflation downward, as was the case in the second half of 2023 and again from May through July of this year, Fed officials ta