US consumer spending slows
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Fed, Core PCE and inflation
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US stocks end higher as NFLX-WBD acquisition fuels sentiment, investors assess inflation gauge
Wall Street's major averages closed in the green on Friday, as traders assessed fresh inflation data in hopes of gauging the Federal Reserve's monetary policy, while the Netflix (NFLX) acquisition of Warner Bros.
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.
US consumer pricing and sentiment reports released Friday pointed to lingering questions about affordability as the calendar moves towards the peak of the festive season.
Bank of America shared its inflation forecast with TheStreet, based on the core (excluding volatile food and energy) Personal Consumption Expenditures ( PCE) index. Directionally, PCE and CPI tend to move together, suggesting we’ll similarly see a flattening of inflation pressures as we get deeper into next year.
Gold and silver futures gain on MCX, tracking global cues and a weaker dollar. Traders await US inflation data for Fed rate hike clues. See today`s prices!
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%.
September inflation data showed a slight increase, with core prices remaining stable, bolstering expectations for a Federal Reserve interest rate cut.
FTSE 100 falls despite benign US inflation data - For the week, the FTSE 100 fell 0.6%, the FTSE 250 ebbed 0.5% and the AIM All-Share declined 0.3%.