Amazon shares fall, oil earnings, home sales and more: Friday's 5 things to know

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Amazon shares fall after 'disappointing' projections and home sales decline as integrated oil and gas giants become focus of third quarter reports. Here are Friday's '5 Things to Know.'

That brings us to the PCE Price Index, an inflation gauge that’s been growing in popularity. There is no estimate for the headline number, which rose 0.3% month-over-month in August and was up 6.2% annually .

The Core PCE Price Index, which factors out volatile food and energy costs, is expected to rise 0.5% in September, slightly less than August’s 0.6% increase. The year-over-year change in the Core PCE Price Index, which is the Fed’s preferred measure of inflation, is anticipated to spike to 5.2%. Economists surveyed by Refinitiv are looking for a drop of 5.0% in September, the tenth decline in the last 11 months as buyers struggle with surging borrowing costs and high prices.

 

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