US inflation is gradually moving closer to the Federal Reserve's target of 2%. The latest Consumer Price Index (CPI) report for October, released last Tuesday, revealed a larger-than-anticipated cooling of headline CPI due to decreased energy prices. Additionally, lower prices for accommodations outside the home, such as hotels, caused core CPI to fall below economists' predictions. In response to this data, both equity and fixed income markets experienced a rally as investors anticipate the Federal Reserve's ongoing commitment to its current interest rate approach. Let us now delve into the current market conditions.
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