Dow Jones Top Markets Headlines at 7 PM ET: Inflation rises again, PCE shows, but not enough to alarm the Fed | Stocks ...
Inflation rises again, PCE shows, but not enough to alarm the Fed
A key measure of inflation rose at a slightly elevated pace in August, but not enough to suggest much bigger increases tied to U.S. tariffs are on the way.
----
Stocks Rise After Investors Brush Off Sticky Inflation, Tariffs
Major indexes snapped a three-day losing streak.
----
Consumer Sentiment Fell in September, According to University of Michigan Survey
The monthly survey's sentiment index fell to 55.1 in September, from 58.2 in August amid worries about high prices and the labor market.
----
Trump Is Adding More Tariffs. Will They Spur U.S. Production?
The administration is slapping new levies on drugs, furniture and trucks. Economists question whether they will dampen imports and help U.S. businesses as intended.
----
Canada Economy Stalls in August After First Growth in Four Months
Canada's economy is on track to eke out tepid growth for the latest quarter, avoiding a second consecutive contraction.
----
Moody's and Fitch Boost Spain's Credit Rating on Improving Economy
The ratings agency upgraded Spain's rating one level to A3 from Baa1. The outlook was revised to stable from positive.
----
Week Ahead for FX, Bonds: U.S. Jobs Data in Focus
Investors will hone in on U.S. jobs data, where any signs of weakness could reignite prospects of a series of interest-rate cuts in the months to come.
----
U.S. GDP data look strong, but labor market seems weak. How key economists make sense of the mixed signals.
"The consumer is frankly exhausted," Richmond Fed President Tom Barkin said Friday.
----
Tokyo's Price Growth Steady But Rate Increase Still in Play
The pace of price growth in the Tokyo metropolitan area unexpectedly held steady in September, but upward pressure remains, keeping an interest-rate hike in play.
----
Europe's Right-Wing Populists Swerve Left on the Economy
The adoption of a high-spending, pro-welfare and protectionist agenda has been key in winning over blue-collar workers.
----
Fed Independence Reaches Its Moment of Truth as Supreme Court Weighs Cook's Fate
The court is poised to decide whether President Trump can remove Lisa Cook from the Federal Reserve's board, which former officials see as threat to central bank independence.
----
Bank of Mexico Makes 10th Straight Interest-Rate Cut
The board of governors voted 4-1 to lower the overnight interest-rate target to 7.50% from 7.75%.