THIS JUST IN -- The House Select Committee to Investigate the January 6 Attack on the United States Capitol will vote at the end of its hearing to subpoena Donald J. Trump, The Wall Street Journal reports.

Meanwhile ... The Supreme Court has rejected the former president's request to intervene in the Mar-a-Lago documents fight, CNN reports -- a victory for the Justice Department.

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Inflation Rate Stubborn at 8.2%

The Consumer Price Index rose 0.4% in September, up from a 0.1% increase in August, while ticking down the annual rate to 8.2%, the U.S. Labor Department reports. Shelter was up 0.7% for the month, with food up 0.4% and medical care services up 0.1%, partially offset by a 4.9% decline in the gasoline index (including diesel) and -2.1% in energy overall. 

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Gas Prices Up – AAA says the national gas price average is $3.913 per gallon, up from $3.707 one month ago, with prices likely to continue rising after OPEC+’s 2-million barrel production cut, which begins in November.

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Prepare for Recession – There will be a recession in the U.S. in 12 to 18 months, 98% of CEOs surveyed by The Conference Board, NPR’s Morning Edition reports. And 99% of CEOs are preparing for a recession in Europe. 

--Edited by Todd Lassa

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