Summary
- Higher gasoline prices accounted for more than one-third of the increase in headline inflation, the BLS reported.
- But crude oil prices began declining in October, which should be reflected in near-term gasoline prices.
- Both headline and core inflation matched expectations, so there should be little market disruption from Wednesday’s report.
Read my full analysis on SeekingAlpha.com
Treasury Inflation-Protected Securities 
One commenter mentioned that the social security tax system is not progressive, which is technically correct but very misleading, as…