Inflation slows to three year low in September
US inflation eased to 2.4 percent in September from a year earlier, the slowest since February 2021, while core prices rose 3.3 percent. Gas prices dropped 4.1 percent and rents showed signs of cooling, with economists predicting further rate cuts this year.
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Wall Street retreats from its records
U S stocks eased from record highs after data showed September inflation at 2.4 percent and weekly jobless claims at 258,000, with Treasuries moving as traders weigh another Fed rate cut. The S&P 500, Dow, and Nasdaq drifted, while traders debate the timing and size of anticipated rate reductions.
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Battistelli accused of orchestrating witness manipulation in local case
The Chronicle reports that Battistelli is accused of being used in a conspiracy by the sheriff's office and others to pressure Tomlinson's election bid. Attorneys deny wrongdoing. filings allege recordings and attempts to influence witnesses. Lieux defends Battistelli, says she cooperated with investigators and was pressured to change her story.
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