October Small Business Optimism Index rose 0.6 point to 102.4
The October Small Business Optimism Index rose another 0.6 point to 102.4, buoyed by eight of the 10 Index components advancing, as talk of a recession waned in October. The Uncertainty Index declined 4 points but remains historically high heading into an election year.
CPI up 0.4 percent in October and 1.8 percent year-on-year
The Consumer Price Index for All Urban Consumers (CPI-U) rose 0.4 percent in October after being unchanged in September, and was up 1.8 percent year-on-year. The index for all items less food and energy rose 0.2 percent in October after increasing 0.1 percent in September, and was up 2.3 percent year-on-year.
Mortgage applications rise 9.6 percent as rates rebound slightly
The Market Composite Index increased 9.6 percent on a seasonally adjusted basis from one week earlier, with purchase loans rising 2.0 percent (up 15 percent year-on-year) and refinance activity rising 13 percent (up 188 percent year-on-year). The average contract interest rate for 30-year fixed-rate mortgages with increased four basis points to 4.03 percent.