Balanced News: Inflation was flat in October from the prior month, core CPI hits two-year low

Inflation in the US remained flat in October, providing hope that high prices are easing. The consumer price index (CPI) increased 3.2% from a year ago, despite being unchanged for the month. The core CPI, which excludes volatile food and energy prices, increased 0.2% and 4%, the lowest in two years but still above the Federal Reserve’s 2% target. Markets reacted positively to the news, with the Dow Jones Industrial Average rising by nearly 500 points. Traders also believe that the Federal Reserve may stop raising interest rates.