US inflation shows signs of cooling

Inflation in the US cooled to 3.2% in October - better than most analysts expected and seen as being down to declining petrol and housing costs. The consumer price data sent US stocks up - the initial reaction has been that this eases pressure on the Federal Reserve over the need for future interest-rate rises, suggesting the economy can be both expanding and non-inflationary at the same time. We will hear from Bloomberg's US economist, Stuart Paul.