Big news: October PPI #inflation +0.2% vs. +0.4% est. & +0.2% prior (rev down from +0.4%); core 0.0% vs. +0.3% est. & +0.2% prior (rev down from +0.3%) … softest core print since November 2020. This soft producer inflation is good news for people hoping the Fed stops hiking rates so fast.