Hello and welcome to AS USA’s live blog covering financial news and bringing you the latest initiatives from states to deliver aid directly to their residents.
In October, inflation slowed, rising only 0.4%, bringing the year-on-year average down to 7.7%. It comes as unemployment rose slightly last month but showed strong signs of growth, with more than 200,000 jobs added to the economy.
Markets reacted well to inflation news as well as the outperformance of Democrats against Trump-backed candidates.
Additionally, crypto markets are in free fall as some of the biggest exchanges crash.