SPDR S&P 500 ETF (SPY): ETF Research Reports This morning, one of the most highly scrutinized inflation metrics is out: Consumer Price Index (CPI), for the month of October, reached its lowest point since January of this year. There will be one more CPI report out before the next Fed statement: in fact, it comes the very day the next Federal Open Market Committee (FOMC) meeting commences, December 13th.