Stocks Spike, Bond Yields Drop as CPI Inflation Comes in Cooler Than Expected

Core Insights - Wall Street reacted positively to the November inflation reading, leading to a spike in stocks and a drop in bond yields [1] - The consumer price index (CPI) for November increased at an annual rate of 2.7%, which was lower than the expected 3% [1] - The core CPI, excluding food and energy prices, rose at an annual rate of 2.6%, compared to the anticipated 3.1% increase by economists [1]