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.

"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

The consumer price index may show core inflation coming in on the high side again. That could slow Federal Reserve rate cuts and the S&P 500 Trump election rally.