10/15: MetroIntelligence Economic Update by P. DUFFY

October CPI jumped up 0.3 percent, rose 2.5 percent year-on-year

The Consumer Price Index for All Urban Consumers (CPI-U) increased 0.3 percent in October, the largest increase in nine months.  Over the last 12 months, the all-items index rose 2.5 percent before seasonal adjustment.

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October Small Business Optimism Index continues two-year streak of record highs

Small business optimism continued its two-year streak of record highs, according to the NFIB Small Business Optimism Index October reading of 107.4. Owners believe the current period is a good time to expand substantially, are planning to invest in more inventory, and are reporting high sales figures.

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October Home Purchase Sentiment Index dipped 2.0 points to 85.7

The Fannie Mae Home Purchase Sentiment Index® (HPSI) decreased in October, falling 2.0 points to 85.7, continuing its recent downward trend. The decline can be attributed to decreases in five of the six components, including those measuring consumers’ home buying and selling attitudes.

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