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U.S. FIG Moves Lower

A U.S. inflation gauge showed lower pressures in October despite an unexpectedly high rise in payrolls, a report said on Friday.

The Economic Cycle Research Institute's Future Inflation Gauge, which is designed to anticipate cyclical swings in the rate of inflation, broke a three-month rising streak and dropped to 117.7 in October from a downwardly revised reading of 119.4 in September, the research group said.

The Labor Department today reported that payrolls surged in October, adding 126,000 jobs for the largest rise since January.

The index's annualized growth rate, which smooths out monthly fluctuations, fell to -0.9 percent in October from a revised rate of 2.4 percent in September.

ECRI, a private research group, designs short- and long-term indices aimed at predicting business cycles, recessions and recoveries in the world's leading economies.