Core Inflation Rate MoM (Oct)

Look at the monthly increase and its spread across shelter, other services and goods. Faster, broader increases could weaken the case for rate cuts, pressuring homebuilders and growth stocks through financing costs and valuations while leaving retailers with more stretched customers; businesses able to raise prices without losing customers have more protection. Broad cooling could help rate-sensitive and discretionary-consumer stocks, but slower inflation does not mean falling prices. Watch whether it reflects easing costs or weakening demand.^[1]