US CPI data impacts markets: Oct inflation: 2.6%, core 3.3% (as expected) US stock futures cut losses Dollar retreats, Treasury yields drop Gold extends rally MSCI world index -0.17%, European shares dip Market reactions: US futures turn positive 2-yr Treasury yield falls to 4.256% Dec rate cut probability: 69% vs 62% earlier Euro up 0.1% at $1.0630 Yen at 154.615/USD Expert view (Pavlik, Dakota Wealth): "In-line inflation allows market to focus on positives: less regulation, potential business increase. We're on glide path to another rate cut." Trump effect lingers: Bond yields surged post-election Expectations: lower taxes, higher tariffs Potential GOP House majority adds uncertainty Analyst: "Still repricing the Trump trade" Commodities recover: Gold +0.6% to $2,610/oz Silver +0.8% to $30.93/oz Brent crude +0.4% to $72.15/barrel WTI +0.37% to $68.36/barrel #US CPI #Fed #MarketReaction #TrumpEffect