The Federal Reserve’s preferred measure of inflation, called the PCE index, showed that inflation had risen 2.8% in September from a year ago.

The rate of U.S. inflation stayed stuck close to 3% before the government shutdown, a long-delayed report showed, adding a final piece of the puzzle before the Federal Reserve votes on whether to cut interest rates again.

The Federal Reserve is due to make another decision on cutting interest rates.

By Johann M Cherian and Pranav Kashyap Dec 5 (Reuters) - Wall Street's main indexes were poised for a muted open on Friday as investors awaited a long-delayed inflation report that could shape the Federal Reserve's policy path.

Here's what could happen to inflation in 2026.

Americans seemed a tad more cheery about the economy this month, while a delayed inflation report came in better than expected.

Fed officials should be able to focus on the wavering labor market and cut interest rates by another quarter percentage point at their final meeting of the year next week, thanks to relatively stable inflation data.

Stocks are back on the doorstep of record territory after a volatile month on Wall Street, but persistent inflation worries and souring consumer sentiment are keeping investors uneasy ahead of the Fed’s last policy meeting of the year.

Inflation risks in the euro area are slightly tilted to the downside in the medium term, European Central Bank Governing Council member Olli Rehn said in an interview with Milano Finanza.

The focus is on the delayed September PCE report on consumer inflation, the gauge favored by the Fed, to sanity-check rate-cut bets.