- 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
Yes, the purchase limit is not affected by an I Bond redemption. It remains $10,000 per person per year.