What is CPI?
The Consumer Price Index (CPI) is a measure that examines the weighted average of prices of a basket of consumer goods and services, such as transportation, food, and medical care.
Inflation is the decline of a given currency's purchasing power over time; or, alternatively, a general rise in prices. So CPI is the most widely used measure of inflation.
What happened recently?
U.S. consumer prices overall rose 0.4% in September, pushing the y-o-y gain to 5.4%. CPI increased slightly more than expected in September as food and energy price rises offset declines in used cars .
"Food and energy are more variable, but that's where the problem is," said Bob Doll, chief investment officer at Crossmark Global Investments. " Hopefully, we start solving our supply shortage problem.”
Recently, the International Monetary Fund warned that the Fed and its global peers should be preparing contingency plans should inflation prove persistent. That would mean raising interest rates sooner than expected to control the price gains.
$S&P 500 Index(.SPX.US)$ $Nasdaq Composite Index(.IXIC.US)$ $Dow Jones Industrial Average(.DJI.US)$

By Danilo
Hey, mooers! Here are things you need to know before the opening bell:
- U.S. stock futures ticked higher Tuesday as investors geared up for a big day of earnings.
- Phil Spencer, Microsoft's executive vice president of gaming, said the company is taking a long-term approach to adding teams to its gaming portfolio.
Market Snapshot
U.S. stock futures ticked higher Tuesday as investors geared up for a big day of earnings.
Futures tied to the $Dow Jones Industrial Average(.DJI.US)$climbed 94 points, or 0.3%. $S&P 500 Index(.SPX.US)$futures were up 0.3%, and $NASDAQ 100 Index(.NDX.US)$futures advanced 0.3%.
Top News
Yellen says debt-limit deal will keep government funded through Dec. 3
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SEC's GameStop report questions 'game-like' trading apps
A report by the Securities and Exchange Commission found that buying by hundreds of thousands of investors fueled a rally in shares of the videogame retailer and dismissed alternative theories.
In record M&A year, first trillion-dollar year for private equity within sight
Technology deals are driving what is shaping up to be a record year for M&A, one where so-called megadeals and club deals came roaring back and helped power what is expected to be the first $1 trillion deal year for private-equity firms.
Global trade flows rebounded in August
Trade flows rose by 2.0% in August from the previous month, according to a Wall Street Journal indicator, signaling that the advance of the Delta variant of Covid-19 has slowed but not derailed the global economic recovery.
J&J used lenient bankruptcy rules to push talc liabilities to Charlotte
$Johnson & Johnson(JNJ.US)$used the lenient venue-selection rules of U.S. bankruptcy law to push tens of thousands of talc-related cancer claims to its bankruptcy court of choice, roughly 600 miles south of the company's New Jersey headquarters.
Microsoft Xbox chief sees game-buying spree continuing
Phil Spencer, $Microsoft(MSFT.US)$'s executive vice president of gaming, said the company is taking a long-term approach to adding teams to its gaming portfolio.
Reddit seeks more individual investors for share offering
'I want our users to be shareholders, and I want our shareholders to be users,' CEO Steve Huffman said of the platform's plans to go public, adding that market changes have improved small investors' access to new offerings.
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Key Events This Week
Source: CNBC, Dow Jones Newswires, Bloomberg

The biggest market surge in the major indexes $Dow Jones Industrial Average(.DJI.US)$, $Nasdaq Composite Index(.IXIC.US)$, $S&P 500 Index(.SPX.US)$ since June seems to suggest that the red hot bull may be exhausted. There are questions about the longevity of the bull market in stocks with talks of tapering by the Fed and rising inflation. Still, the bull market appears resilient and the bull run may be far from over. Rather than trying to predict the eventual end of the bull, it may be more worthwhile to maintain a long term focus on our investment to generate long term wealth. While many would suggest buying the dips in this bull market as a smart way to buy good stocks at a lower price, it is never easy to perfectly time the market. One possible strategy to invest in this bull market is by adopting the principle of Dollar Cost Averaging for high quality stocks $Apple(AAPL.US)$, $Amazon(AMZN.US)$, $Alibaba(BABA.US)$, $Bank of America(BAC.US)$, $Facebook(FB.US)$, $Microsoft(MSFT.US)$, $Netflix(NFLX.US)$ $NVIDIA(NVDA.US)$, $Tesla(TSLA.US)$. By investing the same dollar amounts at specific time intervals, this can help us stay vested in the bull market while allowing our stock portfolios to withstand any market pullbacks or volatility.

$STI ETF(ES3.SG)$
good

$STI ETF(ES3.SG)$ good

$Tesla(TSLA.US)$rolled out a long-awaited software update late Friday that allows customers to request access to its controversial, Full Self-Driving Beta (FSD beta) program. Drivers who get a high safety score from Tesla will get access.
Musk has been promising Tesla owners the FSD beta download button for months.
The move delighted fans of CEO Elon Musk and Tesla, but it risks drawing the ire of federal vehicle safety authorities who are already investigating the automaker for possible safety defects in its driver-assistance system.
Government response
After Elon Musk announced details about the FSD beta button, National Transportation Safety Board Chair Jennifer Homendy voicedconcern over the company's plans based on safety issues.
Basic safety issues have to be addressed, before Tesla expands FSD Beta to other city streets and regions.
Tesla is conducting testing of the unfinished product with untrained drivers on public roads in lieu of safety professionals.
- National Transportation Safety Board Chair Jennifer Homendy
What do you say?
The technology is absolutely convenient and brilliant, but many are still concerned about its safety. So what about you? Will you be using FSD Beta or are you still in the wait-and-see mode?
Source: CNBC