Consumer Price Index (CPI)
November's Consumer Price Index (CPI) was released at 8:30 AM ET this morning. It showed a 0.4% rise in the overall reading and a 0.1% increase in the more important core data. The overall reading pegged forecasts, but the core data fell short of the 0.2% increase that was expected. The weaker than thought inflation reading is good news for bonds and mortgage-related securities, leading to this morning’s improvement.