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