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A pair of reports were the final drivers in a very good week for Wall Street. Each of the major indices gained Friday after the arrivals of the PCE and sentiment survey to lock in wins for the day and the week.
The long-delayed personal consumption expenditures index for September didn't drop any big surprises. Inflation was still elevated, but within expectations, giving the Fed more support to cut rates again.
U.S. consumers remain concerned about the economy and inflation, but the vibes may be getting better. Results in the new sentiment survey actually edged up just a bit after months near the all-time lows.
It only took through November, but 2025 has already passed another milestone in announced job losses. Last month's tally of 71K+ planned cuts would push up the total this year to a stunning 1.17 million.
It's finally decision week for the Fed. The vote and the always important post-vote comments from the chairman will come Wednesday. Also due out, earnings from big tech and more labor sector numbers.
If the Supreme Court should rule against the President's tariff powers, companies all over the country could be in line for a refund. The big questions for them right now, how and where will that line form?
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