Hello and welcome to AS USA’s live blog covering financial news and bringing you the latest on government initiatives to bring relief directly to their residents.
In October, inflation slowed and increased only 0.4 percent, bringing the year-on-year average down to 7.7 percent. This comes as unemployment rose slightly last month but showed strong signs of growth, with more than 200,000 jobs added to the economy.
Markets responded well to the inflation news as well as the outperformance of Democrats versus Trump-backed candidates.
Additionally, crypto markets are in free fall as some of the biggest exchanges collapse.