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Stocks Climb as Tamer Inflation Lifts Rate-Cut Bets

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Wall Street futures rose early Friday after a delayed inflation report showed prices climbed less than feared, bolstering expectations for a Federal Reserve rate cut next week. The 10-year Treasury yield slipped to 3.97% from 4.01%. Consumer prices rose 3% year over year in September, with core inflation also at 3%, and the release was delayed by a government shutdown. Oil advanced, while gold fell. Intel jumped after topping profit estimates, and Ford rallied on record revenue. Asian markets mostly gained on confirmation of a Trump–Xi meeting; Europe traded mixed.

Prepared by Christopher Adams and reviewed by editorial team.

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