Inflation Cools in October, Sparking Hope Fed May Slow Rate Hikes
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Markets rallied this past week after CPI rose less than expected in October.
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Headline CPI was unchanged at 0.0% month-over-month.
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Core CPI, excluding food and energy, was up just 0.2%.
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The data sparked hopes that the Fed may not need to raise rates as aggressively.
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But some caution lower inflation may be temporary, curb enthusiasm.