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World Business Report: First broadcast 14/11/2023 15:32 GMT : US inflation shows signs of cooling

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US inflation shows signs of cooling

First broadcast 14/11/2023 15:32 GMT 

First broadcast 14/11/2023 15:32 GMT : US inflation shows signs of cooling

BBC World Service - World Business Report, US inflation shows signs of cooling

Inflation in the US cooled to 3.2% in October

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.

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

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First broadcast 14/11/2023 15:32 GMT : US inflation shows signs of cooling

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