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US inflation broadly slows, erasing bets on more Fed Rate hikes

U.S. inflation broadly slowed in October, which markets cheered as a strong indication that the Federal Reserve is done hiking interest rates. The so-called core consumer price index, which excludes

German steel producer Salzgitter posts Q3 profit decline

Frankfurt — The German steel conglomerate Salzgitter said on Monday that its third quarter profit fell to €1.1 million ($1.2 million) from €163.1 million in the same quarter last year.

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