A week after the employment figures put fear in investors over potential rate hikes, the Bureau of Labor Statistics cooled those fears with its CPI report, which detailed lower-than-expected inflation. At the start of last week, the International Monetary Fund curtailed its global growth forecast, citing trade tensions between the U.S. and its trading partners as a threat to economic growth. October’s preliminary Consumer Sentiment Survey was also released last week and featured slightly lower consumer confidence in the economy.
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