Dollar Index Jumps, Nasdaq-100 Futures Fall After US October CPI Data

The significance here is the market's reaction function, not the CPI print itself: yields rising across the 2- to 5-year curve while December hike odds stay pinned at 100% suggests traders are repricing the path beyond December rather than the near-term decision. The dollar's jump alongside falling equity futures and weaker gold points to a classic tightening-conditions impulse hitting every asset class at once. The open question is whether this cross-asset correlation holds as the market digests the data, or whether the unchanged December odds signal that the move is already fully priced.