Today’s market buzz

US October headline CPI rose 0.4% MoM, below the prior 0.6% but above the 0.3% forecast. Core CPI increased 0.3%, matching the previous reading and exceeding the 0.2% expected. Food prices rose 0.5%, shelter 0.3% and energy 0.7%. US stock index futures dipped and Treasury yields rose after the release. While headline inflation slowed, core price pressures remained persistent.