Fed's Preferred Inflation Gauge Stayed Elevated
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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.
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,
Americans seemed a tad more cheery about the economy this month, while a delayed inflation report came in better than expected.
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.
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.
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.
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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