The Bureau of Labor Statistics published the latest Consumer Price Index data Thursday, confirming that inflation softened to 7.7% in October. The 7.7% figure marks a 40 basis point decline since September’s print. Inflation has been falling since it hit a four-decade high of 9.1% in June, though the Federal Reserve has made it clear on repeated occasions that it hopes to see inflation come in closer to 2%. Today’s 7.7% figure is 0.2% less than analysts’ 7.9% expectation. More info: https://bit.ly/3UJf3hh