A.M. Update

S&P futures are up +0.1% off morning highs as yields are off morning lows following the CPI report. The Consumer Price Index rose 0.4% in September (consensus 0.3%) following a 0.6% increase in August, with YoY at 3.7%. Core-CPI, which excludes food and energy, rose 0.3% in September (consensus 0.3%) following a 0.3% increase in…