Rates inched lower Wednesday as weakness in global stocks boosted mortgage-backed securities. Newly released economic data was mixed. October Retail Sales rose 0.2%, above the consensus forecast for an increase of 0.1%. However, excluding the volatile auto component, Retail Sales rose 0.1%, below forecast. The results for September were revised higher. The Consumer Price Index (CPI) increased 0.1%, matching expectations. Core CPI, which excludes volatile food and energy components, rose 0.2% and was 1.8% higher than one year ago, in line with forecast. The Empire State regional manufacturing index fell to 19.4, well below expectations for a reading of 26.0. No other key data will be released today.