Eoin Callan and Krishna Guha in Washington, Tony Tassell in  London and Ralph Atkins in Frankfurt of the Financial Times report that inflation slowed sharply in the US last month, new figures showed on Thursday, easing the pressure on the Federal Reserve and raising expectations of an interest rate cut next year.
The core consumer price index rose 0.1 per cent in October, its lowest monthly increase since inflation began to accelerate in the spring.
Read more at: http://www.ft.com/cms/s/334443ee-7577-11db-aea1-0000779e2340.html