Los Angeles/Seattle
US stocks briefly rallied after the midterm results as markets looked favourably on a divided Congress and the possibility of cooperation between Donald Trump and House Democrats. The Fed kept interest rates on hold until next month, while remarking on strong growth and a continuing fall in unemployment. That, in a nutshell, is the economic news as I land at Los Angeles — but a more vivid update is delivered, as ever, by the talkative cab driver who takes me into the city.
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