October U.S. inflation clocks in at 0.0% month-over-month, bringing the 12-month reading to 3.2% from 3.7% previously, one-tenth of a percent below expectations in both cases
Core CPI increases 0.2 % m-o-m and 4.2 % y-o-y, also below estimates
Lower than expected inflation numbers will give the Fed cover to embrace a less hawkish stance
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