U.S. inflationary pressures were slightly lower in October, as the U.S. future inflation gauge inched down to 99.5 from the revised September 100.1 reading, originally reported 100.0, according to data released Friday morning by the Economic Cycle Research Institute.

"With the USFIG easing to a 22-month low, underlying inflation pressures remain in a cyclical downswing," ECRI Chief Operations Officer Lakshman Achuthan said in a release.

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