CPI seen falling.

 CPI data for October is due out this morning, with economists expecting that inflation fell to +0.1% on month from 0.6% in September, while the core figure stayed at +0.1% for the fourth month in a row. "There isn’t much pricing power,” says economist Russell Price. "Inflation is a second-tier concern for the Fed right now. Growth is by far their biggest focus." Yesterday, FOMC minutes showed that the debate is growing over using the specific triggers of inflation and unemployment for for guiding monetary policy.