U.S. Inflation Retreats in October but Sticky Core Prices May Keep Fed Hawkish
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U.S. headline inflation expected to retreat in October but core inflation to remain sticky at 4.1%
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Fed may want to keep policy tight to ensure inflation squeezed back to 2% target
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Markets see Fed cutting rates in 2023/2024 despite hawkish rhetoric
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China orders halt to problematic public-private projects to curb debt risks
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Glencore seals $6.93 billion deal for 77% stake in Teck Resources' steel coal business