Market interest rates have risen over the past few months and the 10-year Treasury, often a benchmark for borrowing costs, is now yielding 4.45% – up from 3.6% in mid-September. Mortgage rates have risen about a percentage point to an average of 7% now from early September.

U.S. wholesale prices rose a bit faster in October and suggested the battle by the Federal Reserve to reduce inflation to low prepandemic levels may last awhile.

Food price inflation, a major contributor to the wholesale price index, rose by 11.59% annually in October, compared to a 9.47% gain in September.

Markets on Wall Street rose modestly in early trading Thursday as more corporate earnings are released ahead of another inflation update from the U.S. government. Futures for the S&P 500 were up just 0.

Retail sales, plus another inflation report, are this week's main remaining economic data releases. Plus, Federal Reserve Chair Jerome Powell is set to speak on the economic outlook, and there are a few earnings still on the slate.

The Dow Jones rose Thursday morning after key inflation data and ahead of Fed Chair Powell's speech. Disney soared on earnings.

The Dow Jones rose Thursday morning ahead of inflation data and Fed Chair Powell's speech. Disney soared on earnings.