 The October PPI, or Producer Price Index, numbers were posted this morning at 8.30 EST. The month-over-month core PPI is 0%. The month-over-month PPI is negative 0.5%. As negative 0.5%, that means we have de-inflation happening already. The Fed or Federal Reserve Banks have been fighting inflation by raising the Fed funds rate in the last 18 months. If this deflationary trend continues, the Fed will have to cut the Fed funds rate pretty soon in order to prevent the economy from going into a recession. Any rate pause or rate reduction from the Fed is great bullish news for the stock market. Cheers!