Fed Voters Will Be Watching the CPI Tomorrow

As mortgage backed securities (MBS) experienced their first two day advance in weeks, stocks took a breather from their continuous advances of recent days.  Tomorrow traders will have the Consumer Price Index (CPI), retail sales and consumer sentiment to review while determining their investment strategies.  The CPI, which is a measure of inflation at the consumer level, may be instrumental in determining whether the Fed will hike their rate in December.  The Dow lost 31 points on the day.