US inflation eased to 3.2% in October, sparking bets that Fed is done hiking rates

US inflation rose 3.2% in October — a slightly lower-than-expected number that gave relief to investors and raised hopes the Federal Reserve could done with its rate-hiking campaign. The Consumer Price Index — which tracks changes in the costs of everyday goods and services — decelerated from the September’s 3.7% advance and was a tick below...