CPI Increased in Line With Expectations

Economic Indicators - The latest Consumer Price Index (CPI) report shows a month-over-month increase of +0.2%, down from +0.3% previously reported, marking the lowest increase since July [2] - Year-over-year headline CPI, or inflation rate, decreased by 30 basis points to +2.4%, the lowest since May of the previous year, and down 60 basis points from September [3] - Core CPI year-over-year is reported at +2.5%, down 10 basis points month-over-month, the lowest since March 2021 [3] Energy and Price Trends - Cheaper energy prices, particularly a -7.5% drop in gasoline prices, contributed significantly to the CPI metrics [4] - Used cars and trucks also saw a price decline of -2% [4] Company Earnings Reports - Wendy's (WEN) reported earnings of 16 cents per share, exceeding consensus estimates by 2 cents, but revenues of $542.97 million were down year-over-year, leading to a 4% drop in shares [6] - Advance Auto Parts (AAP) had a significant earnings surprise with 86 cents per share against estimates of 41 cents, and revenues of $1.97 billion, leading to a rise in shares [7] - Moderna (MRNA) reported a loss of -$2.11 per share, better than the expected -$2.60, with revenues of $678 million, which is down from $966 million year-over-year, but shares are up by +1.7% [8]