Spending slowed down for a second-straight month in September as inflation improved slightly, according to federal data released Friday, which found the Federal Reserve’s preferred inflation gauge fell in line with Wall Street’s expectations.

The last piece of official inflation data to land before the Federal Reserve’s policymaking meeting next week was a shutdown-delayed report that showed the pace of price hikes remained stubborn in September and consumer spending waned after a summer splurge.

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.

Personal spending appears to have stalled in September, another economic warning sign for the Fed to consider as it weighs whether to cut interest rates.

The year-over-year inflation rate in January, the month President Donald Trump returned to the White House, was 3.0%.

A host of delayed employment, inflation and other data in the coming week will give a long-anticipated view of the U.S. economy that could help guide markets into year-end.

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,

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.

Turkey’s central bank cut interest rates for the fourth time in a row, accelerating the pace of reductions following favorable inflation data.

Indian shares are set to open higher on Friday, extending gains after snapping a three-day losing run in the previous session following the Federal Reserve's rate cut, while investors await domestic inflation data due later in the day.