Inflation wrangled in? October.3% half of expectations Dow up 700

[citygator]

Core CPI rose by 0.3% in October, which is 0.2 points below expectations, and down from 0.6% last month. It's now running at 6.3% over the year down from 6.6%.

This is a very encouraging inflation report. There's a good chance that inflation has peaked, and is now turning down.

Dow pops 1,200 points, S&P 500 jumps 5% in biggest rally in two years after light inflation report

October's CPI data came in lighter than expected, raising hopes of peaking inflation.

www.cnbc.com

 

[citygator]

And that’s below wage increases..

 

[1srelluc]

Yeah, $8.00 a gallon heating oil does have a calming influence on spending.

 

[Harpy Eagle]

Good news always makes one group of people so unhappy

 

[citygator]

Correction…. Up almost 1,000 points.

 

[jbrownson0831]

Yeah, $8.00 a gallon heating oil does have a calming influence on spending.

The Dow is up because the Dims lost control of Congress.

 

[surada]

Core CPI rose by 0.3% in October, which is 0.2 points below expectations, and down from 0.6% last month. It's now running at 6.3% over the year down from 6.6%.

This is a very encouraging inflation report. There's a good chance that inflation has peaked, and is now turning down.

Dow pops 1,200 points, S&P 500 jumps 5% in biggest rally in two years after light inflation report

October's CPI data came in lighter than expected, raising hopes of peaking inflation.

www.cnbc.com

Demand for oil in China and India have gone down. Looks like OPEC made the right call.