The Bureau of Labor Statistics reported that the Consumer Price Index (CPI) rose 2.5% year-over-year in October, up from 2.3% in September. This was in line with the consensus expectation. The Core CPI (which excludes volatile food & energy costs) was 2.1% y/y, down from 2.2% in September. The report strengthened S&P futures which jumped about 10 points after the release of the data.
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