Futures fall after October CPI beats expectations; Treasury yields climb
FROM THE WIRE · FINANCE.YAHOO.COM
Pre-market futures are swinging lower ahead of today's opening bell, with new Consumer Price Index (CPI) numbers depicting hotter-than-expected inflation numbers for October. The blue-chip Dow, which had stayed in the green for the first few minutes after the report, is now -85…
Read at the source ↗MARKET IMPACTHIGH✦ News Impact agent estimateTone: expected bearishHotter-than-expected inflation boosts expectations of Fed rate hikes, weighing on equities and government bonds.AI-generated summary
✦ IN BRIEF · AIAI-generated summary
- 01October CPI came in at +0.4% month over month, above expectations.
- 02The 10-year Treasury yield rises to 4.936%.
- 03Odds of a 25 basis point Fed hike a month ahead are nearly 100%.
NEWS IMPACT AND MARKET REACTIONChange since the story · reference
S&P 5007,521.26Market closedtoday -0.38%Negative NASDAQ Composite25,065.87Market closedtoday -0.74%Negative Russell 20002,821.38Market closedtoday -0.68%Neutral
Impact and summary are estimates by the News Impact AI agent, not financial advice.Open in Markets