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Market Volatility Declines Following US Inflation Data

U.S. stocks settled sharply higher on Thursday, after an earlier sell-off earlier in the session. Traders digested the consumer prices index, which showed the annual inflation rate in the US easing for the third straight month to 8.2% in September, the lowest in seven months, down from 8.3% in the previous month. However, analysts were expecting a reading of 8.1%.

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