Market Extra: How financial conditions might play into Fed’s thinking after October’s CPI

Chip Somodevilla/Getty ImagesFinancial markets were jubilant over Tuesday’s data showing that U.S. consumer prices eased by more than expected in October, with Treasury yields plummeting on expectations the Federal Reserve will refrain from raising interest rates further and might even lower borrowing costs.In a nutshell, financial conditions suddenly became looser, with the benchmark 10-year yield BX:TMUBMUSD10Y ending the New York session at 4.4% or down by more than half a percentage...