The BLS said the CPI-U increased 0.4% in October and core CPI 0.3%, matching the threshold Fed Governor Waller had flagged that morning. CNBC said the 10-year Treasury yield traded above 5% before ending the day at 4.992%.
How the Consumer Price Index and the PCE price index measure inflation, who publishes each, why they differ, what "core" means, and why the Fed's 2% target uses PCE.
October CPI lands Tuesday after a Nasdaq correction, with futures pricing about an 80% chance of a December Fed hike and CoreWeave and Cisco earnings due.
Economist Mohamed El-Erian shared a Bloomberg count showing mentions of inflation on S&P 500 earnings calls climbed to 820 in October 2026, the highest monthly figure since February 2024, days before the October CPI report.
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