webmasterd
The S&P 500 rose 0.5% on Friday, heading for its fourth consecutive day of gains, as investors analyzed key inflation data ahead of the Federal Reserve’s upcoming interest rate decision.
The core PCE price index, the Fed’s preferred inflation gauge, showed an annual rate of 2.8% for September, slightly lower than expected. This data, combined with recent signs of a softening labor market, has increased market expectations for a potential interest rate cut next week.
For the week, the S&P 500 is up 0.6%, the Nasdaq has gained 1.2%, and the Dow has added 0.7%.
