Inflation held mostly steady in September in the Federal Reserve’s preferred measure of prices that is likely to clear the way for another cut.

Core inflation, a price measure closely watched by the Federal Reserve, came in cooler than expected in September, according to delayed federal data, a win for Republican President Donald Trump, who wants the central bank to cut interest rates more quickly and is under pressure from Democrats over affordability.

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,

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%.

A shutdown-delayed federal report released Friday found overall U.S. inflation crept up slightly in September, driven mostly by rising gas and grocery prices as consumer spending cooled.

Ahead of the Dec. 5 PCE release, cryptocurrency analyst Max Crypto shared a bullish outlook, predicting that the headline PCE will hold around 2.9%. He noted that a figure below 2.9% could trigger a strong bullish reaction, while a higher reading could pressure markets into a short-term correction.

Wall Street was higher on Friday, as traders looked forward to fresh inflation data in hopes of gauging the Federal Reserve's monetary policy. S&P 500 (SP500) +0.2%, the Dow (DJI) +0.2%, and the Nasdaq Composite (COMP:IND) +0.

Jobs reports this past week add to the case that, of the Federal Reserve’s two mandates, price stability and maximum employment, the latter has bigger downside risk and warrants lower