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US inflation higher than expected in October
US inflation was higher than expected in October. Prices rose by 0.4% over the month. The increase was driven by higher costs for shelter, food and energy.
📊 What it means for markets
Inflation above expectations may lead markets to expect interest rates to stay high for longer. This often weighs on stocks and can support the US dollar. Effects on gold and crypto may be less direct.
Source: BBC
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