US CPI Data Exceeds Expectations, Triggering Wall Street Reaction

The U.S. Consumer Price Index (CPI) for October rose 0.4% month-over-month, surpassing the expected 0.3% increase. Core CPI also increased by 0.3% month-over-month, matching the previous reading. This stronger-than-expected inflation data led to a negative reaction in Wall Street, with US100 and US500 index futures edging lower, while the U.S. dollar surged, putting downward pressure on the EUR/USD pair.