BLS released the September CPI data this morning that showed that prices rose slightly more than expected. Core CPI (excluding food and energy prices) number was mostly inline with expectations. The numbers seem mostly reasonably but it might point to a problem as the Middle East conflict and recent OPEC moves might make it harder for oil prices to come down. Oil and Treasury yields seem to have risen this morning. All three major US indices are in slight green this morning (PST).
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