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US consumer inflation rose less than expected in September, delayed data shows
US consumer inflation rose less than expected in September, delayed data shows
Business and Economy
by  AFP

US consumer inflation continued to heat up last month, but by less than expected, according to official data published nine days late due to the ongoing government shutdown. The data provides economists and traders with some much-needed insight into the health of the world's largest economy, with almost all other official data releases halted due to the US government shutdown.

Russia cuts key interest rate, warns of tepid growth
Russia cuts key interest rate, warns of tepid growth
Business and Economy
by  AFP

Russia's central bank on Friday cut its benchmark interest rate and said growth had slowed to almost zero as the economy sags under the cost of the Ukraine offensive and Western sanctions. But the central bank says high rates are needed to bring down inflation that was still above eight percent in October, double the central bank's target.