A.M. Update – CPI

S&P futures are just about flat, but off overnight lows. Total CPI was up 0.2% in October (consensus 0.2%) following a 0.2% increase in September. Core-CPI, which excludes food and energy, was up 0.3% in October (consensus 0.2%) following a 0.3% increase in September. The MBA Mortgage Applications Index was up 0.5% with refinance applications…