An important measure of inflation for consumers fell in October, according to a Labor Department report today.
The consumer price index fell by a seasonally adjusted 0.1% in October.
Excluding food and energy costs, the core reading of consumer prices rose 0.1%.
Core CPI has risen 2.1% since October 2010.
The Federal Reserve keeps a close eye on inflation when determining its monetary policy stance.
Renewed concerns for the European debt crisis are driving stocks lower generally today, and better-than-expected US industrial output figures are doing nothing to help.
US stocks are trending lower, with the SPDR S&P 500 trading down over .7% Wednesday.
The US Dollar Bullish Fund is trading up over .2%, while the Euro Trust trades down over .2%.
Gold is trading xx, leading the SPDR Gold Shares to trade down over 1.4%, while the iShares Gold Trust trades down 1.5%.
Market News Video produces and distributes online videos about stocks and investing.