A.M. Update -CPI

CPI came in about as expected, but still at the fastest pace of inflation since 1982, and showed evidence of broadening inflationary pressures. Total CPI rose 0.8% m/m in November (consensus +0.6%). Core CPI, which excludes food and energy, rose 0.5% consensus+0.5%). On a year-over-year basis, total CPI is up 6.8% (versus 6.2% in October)…