Daily Market Update 11/17/15

Rates inched higher Tuesday as inflation data matched expectations.  The October Consumer Price Index (CPI) rose 0.2%, while the closely-watched “Core” CPI also increased 0.2%.  Core CPI was 1.9% higher than one year ago, just below the Fed’s target rate for inflation of 2.0%.  Separately, October Industrial Production fell 0.2%, below the consensus forecast for an increase of 0.1%.  The National Association of Home Builders housing index declined to 62.  Readings above 50 indicate more positive than negative sentiment among home builders.  Stocks were mixed.  No other key data will be released today.

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