US inflation shows signs of cooling

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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. (Picture: American One Hundred Dollar Bills On Black Background. Picture credit: Getty Images)