Inflation, Fed
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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,
Fed officials should be able to focus on the wavering labor market and cut interest rates by another quarter percentage point at their final meeting of the year next week, thanks to relatively stable inflation data.
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.
The rate of U.S. inflation stayed stuck close to 3% before the government shutdown, a long delayed report showed, adding a final piece of the puzzle before the Federal Reserve votes on whether to cut interest rates again.
Americans seemed a tad more cheery about the economy this month, while a delayed inflation report came in better than expected.
President Donald Trump calls affordability a "Democrat scam" while inflation rises to 3% and voters express growing economic concerns in new polling data across the nation.
Stocks are back on the doorstep of record territory after a volatile month on Wall Street, but persistent inflation worries and souring consumer sentiment are keeping investors uneasy ahead of the Fed’s last policy meeting of the year.
Consumer prices were steady on year, compared with a 0.1% rise posted in October.
Inflation risks in the euro area are slightly tilted to the downside in the medium term, European Central Bank Governing Council member Olli Rehn said in an interview with Milano Finanza.
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