UK stocks gain ahead of key US inflation data
Digest more
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,
Friday's inflation data could soothe some worries about price growth. In September, the Fed's preferred inflation metric slowed down on an annual basis for the first time since April, BEA data showed Friday.
The Federal Reserve is due to make another decision on cutting interest rates.
By Chuck Mikolajczak NEW YORK, Dec 5 (Reuters) - U.S. stocks closed out the trading week with slight gains on Friday as the latest flurry of economic data kept elevated expectations for a Federal Reserve interest rate cut next week intact.
Follow for live news and analysis of the Fed's preferred inflation gauge, the personal consumption expenditures price index. The September reading is due to be released on Friday morning.
The latest inflation data release, September's Personal Consumption Expenditures (PCE) data, showed prices rose in line with expectations. This report will be the US federal government's final data release before the Federal Reserve's last FOMC meeting of the year,
By Anmol Choubey Dec 5 (Reuters) - Gold prices rose on Friday as expectations that the Federal Reserve will cut interest rates next week gained traction, with investors awaiting U.S. inflation data that could clarify the central bank's next move.
U.S. stock futures rose in premarket trading on Friday ahead of a key inflation report that will be some of the last data Fed officials see before making their final interest rate call of the year.