US October PPI +8.0% vs +8.3% expected

• Prior was +8.5% (revised to +8.4%)
• PPI +0.2% m/m vs +0.4% expected
• Prior m/m reading was +0.4%
• Ex-food and energy +6.7% y/y vs +7.2% expected
• Ex-food and energy +0.0% m/m vs +0.3% expected
• Prior ex-food and energy m/m +0.3% (revised to +0.2%)
• Goods +0.6%
• Services -0.1%
• Full release

This is more good news for trades betting on a top in inflation Inflation Inflation is defined as a quantitative measure of the rate in which the average price level of goods and services in an economy or country increases over a period of time. It is the rise in the general level of prices where a given currency effectively buys less than it did in prior periods.In terms of assessing the strength or currencies, and by extension foreign exchange, inflation or measures of it are extremely influential. Inflation stems from the overall creation of money. This money is m Inflation is defined as a quantitative measure of the rate in which the average price level of goods and services in an economy or country increases over a period of time. It is the rise in the general level of prices where a given currency effectively buys less than it did in prior periods.In terms of assessing the strength or currencies, and by extension foreign exchange, inflation or measures of it are extremely influential. Inflation stems from the overall creation of money. This money is m Read this Term and will give the Fed some ammunition for the pivot trade. The dollar is softening further on the numbers with the euro up to 1.0460 from 1.0400 on the headlines.

These are big moves on an indicator that isn't often a market mover.