US consumer inflation cooled to 7.7 per cent over the last 12 months, giving the Federal Reserve a path to east its interest-rate hikes over the coming months. EPA
US consumer inflation cooled to 7.7 per cent over the last 12 months, giving the Federal Reserve a path to east its interest-rate hikes over the coming months. EPA

Business

Economy

US inflation cools slightly in October to 7.7%

Stock markets rally as report offers Federal Reserve room to reduce scale of future interest-rate increases

Kyle Fitzgerald
Kyle Fitzgerald
Washington

November 10, 2022

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