 The October CPI numbers were posted this morning at 8.30 Eastern Standard Time. The numbers are nothing short of phenomenal. Month over month core CPI number is 0.2%. That means if you have 0.2% for 12 consecutive months, the annual number will be 2.4% which is very close to the Fed target of 2%. The month over month CPI numbers is even more impressive. It is a whopping zero. Big zero. That means month over month CPI is not only tamed, it is dead. Because of this very bullish news, S&P 500 shot up 1.91% today. According to the CME Group, the interest rate traders believe there is a 94.5% probability that the Fed will not raise the Fed funds rate after the December 13 FOMC meeting. If the CPI continues to be as low as October's, we might be seeing interest rate cut pretty soon. Cheers.