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US inflation shows signs of cooling
Inflation in the US cooled to 3.2% in October – but is it enough to stave off another rates rise?
Inflation in the US cooled to 3.2% in October - better than most analysts expected and seen as being down to declining petrol and housing costs.
The consumer price data sent US stocks up - the initial reaction has been that this eases pressure on the Federal Reserve over the need for future interest-rate rises, suggesting the economy can be both expanding and non-inflationary at the same time.
We will hear from Bloomberg's US economist, Stuart Paul.
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