Daily Market Update 11/20/14

Rates eased slightly as stocks moved lower Thursday despite the release of stronger than expected economic data.  The October Consumer Price Index (CPI) was unchanged from September and was 1.7% higher than one year ago.  The closely watched “Core” CPI, which excludes volatile food and energy components, rose 0.2%, above the consensus forecast, and was 1.8% higher year-over-year.  Weekly Jobless Claims rose to 291,000, a bit higher than expectations. October Existing Home Sales increased to 5.26 million annual units, to the highest level since September 2013.  Leading Indicators rose 0.9%.  An increase of 0.6% had been expected.  No other key data will be released today.

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