Robust economic data has made it difficult for the Federal Reserve to declare an end to interest-rate rises. Market pricing suggests the central bank is likely to stand pat next month, but gives a somewhat higher chance of it lifting rates in December. Data Thursday showed the economy grew at a 4.9% annual rate in the third quarter, much stronger than economists were anticipating a few months ago and more than double the second-quarter's rate of expansion.
However, Americans saved less and their incomes, adjusted for inflation, fell. With that in mind, investors will eye the following data. All are for September, and all are due at 8:30 a.m. ET today: Consumer spending. Economists polled by the Journal forecast a 0.5% rise. Personal income is seen up 0.4%. The personal-consumption expenditures price index—the Fed's preferred inflation marker—is also due. Core prices, which exclude volatile food and energy, are expected to have risen 0.
France Dernières Nouvelles, France Actualités
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