…..Inflation creeps forward. The Fed an inflation. Social Security benefits will increase 0.3% – don’t spend it all in one place. First time home buyers actually exist. Netflix crushes earnings. IBM, Goldman Sachs, United Health, and J&J beat. Fund managers go to cash. Financial Review by Sinclair Noe for 10-18-2016 DOW SPX NAS 10 Y OIL   The consumer price index climbed 0.3% last month. The cost of shelter — rent, new homes and previously owned homes — rose at the fastest pace since May. Energy prices, mainly gas, also posted the biggest increase since early spring. The cost of food was unchanged for the month. Over the past year, consumer prices have advanced 1.5%. The so-called core CPI, which strips out food and energy costs, gained 0.1 percent last month. That slowed the year-on-year increase in the core CPI to 2.2 percent.   Energy costs were up 2.9 percent in September as oil and gasoline prices rebounded from recent lows. Previous price declines still mean that gas costs 6.4 percent less than a year ago. So, what does this mean for the Federal Reserve? Since one of the biggest drivers of inflation is energy prices, which the Fed does not seem to control, maybe it is possible to have what Fed chair Janet Yellen described as a “high pressure economy”, in other words a tighter labor market, without igniting inflation. Higher gas and electricity prices may push inflation closer to the Fed’s target of 2% but it is not ...