U.S. Inflation

• Consumer prices in the U.S. were flat in October, however the core, which excludes food and energy, rose 0.2%. This was the highest increase for core prices in five months Businessweek
• Producer prices in the U.S. rose last month despite the decline in energy prices Bloomberg

U.S. Economy

• Industrial production in the U.S. slipped in October, but manufacturing output rose CNBC
• Last month home sales jumped to a level not seen in over a year Reuters
• Nationally, housing starts declined in October MarketWatch

Around the World

• In an unexpected move to spur economic growth, China cuts its interest rates to ensure that the economy stays on track The New York Times
• The president of the European Central Bank has vowed to do “whatever it takes” in order to prevent the euro zone from heading into deflation and recession Reuters

Miscellaneous

• Apple now has a higher valuation than the entire stock market of Russia Forbes
• How the dollar became the dollar Quartz
• The dependent care contribution limit has been $5,000 since 1986. Had it been indexed to inflation it would be $10,859 The New York Times