Bonds & Stocks
Stocks joined bonds lower as the fastest increase in inflation since April bolstered bets the Federal Reserve will keep lifting interest rates amid elevated energy costs. The S&P 500 fell 0.4%. The yield on 10-year Treasuries advanced nine basis points to 5.30%.
Economy
US consumer prices advanced in September at the fastest pace in five months and a gauge of underlying price pressures rose by more than expected, keeping the squeeze on household budgets ahead of November’s midterm elections.
World
Strikes by Yemen's Houthis could imperil Riyadh's quest to lure foreign investment, with the city set to host the Future Investment Initiative in under two weeks.