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Wall Street buoyant on US inflation data

Are prices finally stabilising for American consumers? The latest numbers appear to suggest it's the case.

Are prices finally stabilising for American consumers? The latest numbers appear to suggest it's the case - and the markets have reacted with optimism. We examine why the rate of inflation has slowed in the US, and whether the cooling-off will last.

Flooding in Pakistan has brought devastation to millions of lives. At the COP27 climate summit, the country's prime minister has warned the total bill could top $30 billion.

Also on World Business Report: the latest on the demise of crypto platform FTX, more bad news at Elon Musk's Twitter, and fast food chain KFC apologises for referencing the atrocities of Nazi Germany in a marketing campaign.

(Picture: Traders in New York digesting the latest US economic data. Credit: Getty Images.)

Available now

27 minutes

Broadcast

  • Thu 10 Nov 2022 22:32GMT