Inflation tends to come in higher in January. Still, today’s BLS report indicates that inflation progress has stalled and may be in danger of being reversed.

While a decline in vacancies and easing wage growth suggest some moderation is under way, employers are still hiring and layoffs remain subdued.

The core CPI increased 0.3% for a fourth straight month, solidifying bets that the Fed will lower interest rates next week.

The U.S. unemployment rate edged higher in October, to 4.2 percent, indicating cooling demand for workers.

Last week’s core PCE numbers support comments by Fed officials that there’s no rush to cut interest rates so long as the labor market remains healthy and the economy continues to power ahead.

The core consumer price index increased 0.3% in September, slightly above forecast, leading to questions about whether the Fed will further slow the pace of interest rate reductions.

Wharton professor points out synergies in the "triangle of immigration, investment, and jobs."

Non-farm payrolls increased 254,000 in September, the most in six months.