US stocks trade mixed as investors turn their attention to upcoming October inflation report

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Investors are expecting inflation to have slowed slightly in October, but remain well-above the Fed's 2% long-run target.

Reuters / Lucas Jackson

Brace for a sharp inflation drop that still won't be enough to return the economy to normal, top economist Mohamed El-Erian says

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Core inflation is unlikely to return to the Fed's 2% target anytime soon, Mohamed El-Erian warned.

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