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● LIVE Updated 1h ago · 13 sources tracked

S&P 500, Nasdaq advance as soft inflation tempers Fed rate-hike bets

Wall Street indexes advanced after a softer-than-anticipated inflation reading cooled market expectations for Federal Reserve monetary tightening. The Nasdaq climbed more than 1 percent, leading major benchmarks higher as Treasury yields slipped and gave investors a reprieve. Meanwhile, economic data showed core inflation reached 3.0 percent in August, which was lighter than analysts expected, alongside a monthly increase in core personal consumption expenditures of 0.2 percent. US consumer spending also posted its largest rise in a year.

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⚡ Key Developments & Real-Time Context
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  • ✓ The Nasdaq jumped more than 1 percent on Wednesday, leading gains among Wall Street main indexes.
  • ✓ The Federal Reserve preferred inflation gauge showed core inflation at 3.0 percent in August.
  • ✓ Core personal consumption expenditures increased by 0.2 percent.
  • ✓ US consumer spending rose by the most in a year.
🛡️ Source Corroboration: 13 independent reporting domains (90% confidence) ⏱ Read time: ~2 min

What changed

Stock futures inched upward and major indexes advanced after government data confirmed a lighter-than-expected inflation increase for August.

Live updates

  1. US Indexes Rise as Soft Inflation Report Cools Rate Hike Bets

    Wall Street indexes advanced after a softer-than-anticipated inflation reading cooled market expectations for Federal Reserve monetary tightening. The Nasdaq climbed more than 1 percent, leading major benchmarks higher as Treasury yields slipped and gave investors a reprieve. Meanwhile, economic data showed core inflation reached 3.0 percent in August, which was lighter than analysts expected, alongside a monthly increase in core personal consumption expenditures of 0.2 percent. US consumer spending also posted its largest rise in a year.

    Why it matters

    The cooler inflation reading eased immediate pressure on financial markets following aggressive monetary policy tightening cycles. Investors closely track the Federal Reserve's preferred inflation gauge to project upcoming interest rate trajectories and gauge broader economic resilience. Markets also monitored upcoming labor market indicators and corporate earnings updates to assess economic momentum heading into the final quarter of the year.

    What is confirmed

    • The Nasdaq jumped more than 1 percent on Wednesday, leading gains among Wall Street main indexes.
    • The Federal Reserve preferred inflation gauge showed core inflation at 3.0 percent in August.
    • Core personal consumption expenditures increased by 0.2 percent.
    • US consumer spending rose by the most in a year.
    • Softer-than-expected inflation data reduced bets for a Federal Reserve rate hike in October.

    Still unconfirmed

    • Gold prices rose on Thursday as softer inflation data dimmed October Federal Reserve hike expectations.

    What to watch next

    • Key US jobs data due later this week
    • Upcoming corporate earnings reports including Micron earnings
    Sources used for this update (15)
    1. WSJ — Stock Market Today: Treasury Yields Slip, Giving Investors Some Reprieve — Live Updates
    2. reuters.com — US stock futures inch up as yields ease, inflation report looms
    3. Bloomberg.com — US Consumer Spending Rises by Most in a Year, Core PCE Up 0.2%
    4. CNBC — Fed’s preferred gauge showed core inflation at 3.0% in August, much lighter than expected
    5. Yahoo Finance — Stock Market Midday, Sept. 30: Markets Rise on Softer Inflation Data, Investors Await Micron Earnings
    6. www.marketscreener.com — Gold inches higher as softer US inflation dims October Fed hike bets | MarketScreener
    7. www.marketscreener.com — Meet FORTITUDE™: The Single Chip Supercharging Data Speed and System Performance
    8. en.wikipedia.org — S - Wikipedia
    9. www.starfall.com — Letter S Online Activities for Kids | Starfall
    10. www.youtube.com — The Letter S | Alphabet A-Z | Jack Hartmann Alphabet Song
    11. martinsrestaurants.com — Home - Martin's Restaurants
    12. popscanton.com — MENU – PALERMO'S ORIGINAL PASTA & SANDWICHES
    confidence 90%
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