Summary: US Fed’s favoured inflation measure increases by 0.4% in October; in line with expectations; annual rate steady accelerates from 3.7% to 4.1%; “inflation pressures appear to be broadening”; Treasury bond yields up at front of curve, down elsewhere. One of the US Fed’s favoured measures of inflation is the change in the core personal consumption expenditures (PCE) price index. After hitting the Fed’s target at the time of 2.0%...