October consumer prices: Inflation trajectory better but still not good

October consumer prices: Inflation trajectory better but still not good

The October Consumer Price Index rose by 0.4% while the core rate increased by 0.3%. In response to the numbers, financial markets rallied strongly with expectations of future tightening by the Federal Reserve lowered: The S&P 500 Index was up by a bit more than 5.5%, and the yield on the 10- year Treasury note was down by an astounding 30 basis points to around…