The U.S. economy received positive news in the fight against inflationary pressures with the October Consumer Price Index (CPI) report. The annual inflation rate decreased to 3.2%, lower than economists’ expectations of 3.3%. The core inflation measure, which excludes energy and food prices, also declined more than expected to 4%, reaching its lowest point in over two years. This indicates that underlying price pressures are moving in the right direction. Financial analysts and economists offer their insights on the report, highlighting the moderation in CPI and the dip in core consumer prices. They believe that the Federal Reserve may not need to raise rates at the December meeting and expect a continued market rally. Traders adjusted their expectations for the Fed’s decision to keep interest rates unchanged in December, and the U.S. dollar and Treasury yields experienced declines. On the other hand, U.S. stocks saw significant gains, with small-cap stocks and industries like solar and gold mining performing well.