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.
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Which when you look at it, is fantastic. $10,000 in, in September 1998. $56,528 if you cashed them November 1st.…