Yesterday's sell-off, steepest in tech, reflected higher-than-expected growth in core consumer prices. The Producer Price Index (PPI) today could provide more inflation insight.

Silver Futures (/SIZ26) are down over 6 percent Wednesday afternoon as investors shift toward interest-bearing assets amid a stronger U.S. dollar

Short-term Treasury yields rose after both headline and core CPI data outpaced expectations, boosting odds of a Fed rate hike. Stocks dipped early on the news.

Corporate bond yields are high, but spreads are low. Low spreads are supported by strong corporate fundamentals, and high yields might help offset potential price declines.

Market focus turns to inflation at 8:30 a.m. ET with September CPI. Analysts expect a 0.6% headline monthly rise. Chip equipment maker ASML and more big banks report, as well.

A look at the latest developments in Washington, from Trump Accounts and SEC vacancies to retirement plans and the approaching midterm elections.

Banks might set the tone today as several report earnings a day before CPI data that could influence the Fed. Monday's session was light with bonds closed.

Major banks kick off third quarter earnings season this week as markets grapple with elevated Treasury yields, energy supply disruptions, and ongoing geopolitical tensions.

Rising rates can affect global equities. Learn why the pace of yield increases, earnings strength, and diversification matter.