Fed's Preferred Inflation Gauge Stayed Elevated
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Key economic data includes a delayed September reading of the Federal Reserve's preferred inflation gauge. Here's what to watch: Inflation data: September's personal-consumption expenditures price index,
Tariffs imposed by U.S. President Donald Trump saw priced goods spike 0.5% with services up 0.2% in cost, food prices up 0.4% and energy up 1.7%.
Key monthly metrics from the US government continue to be released now that the shutdown has ended. Next up: September wholesale inflation and retail sales.
U.S. stocks rose on Friday after a tame inflation report reinforced expectations that the Federal Reserve will cut interest rates at its final meeting of the year next week.
October jobs and inflation reports are canceled and November data are delayed until after the Fed's Dec. 9-10 meeting. What this may mean for rates.
Gold prices rose on Friday as expectations that the Federal Reserve will cut interest rates next week gained traction, with investors awaiting U.S. inflation data that could clarify the central bank's next move.
Core inflation, a price measure closely watched by the Federal Reserve, came in cooler than expected in September, according to delayed federal data, a win for Republican President Donald Trump, who wants the central bank to cut interest rates more quickly and is under pressure from Democrats over affordability.
Stocks finished mixed and little changed Thursday, a day after the three major equities indexes all rose for the seventh time in eight sessions as weak private-sector employment data furthered traders' belief that the Federal Reserve will cut interest rates at its meeting next week.