CNN Business —President Joe Biden will sit down Friday with business executives and labor leaders to highlight recent progress in combating inflation and steadying the economy, a White House official told CNN. “Thanks to the President’s economic plan, the U.S. economy has created 10 million jobs—including 700,000 manufacturing jobs—since the start of the Biden-Harris Administration,” a White House official said. “We are seeing initial signs that inflation is coming down: the October Consumer Price Index showed moderation in inflation, as did the October Producer Price Index released this week. Biden’s sit-down with the business and labor executives comes two days after he returned from a week-long trip to several global conferences. The Consumer Price Index slowed to a 7.7% annual gain last month, a slower pace than the 8% that economists had been expecting.

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