Personal spending appears to have stalled in September, another economic warning sign for the Fed to consider as it weighs whether to cut interest rates.

Key economic data includes a delayed September reading of the Federal Reserve's preferred inflation gauge. Here's what to watch: Inflation data: September's personal-consumption expenditures price index,

Tariffs imposed by U.S. President Donald Trump saw priced goods spike 0.5% with services up 0.2% in cost, food prices up 0.4% and energy up 1.7%.

Key monthly metrics from the US government continue to be released now that the shutdown has ended. Next up: September wholesale inflation and retail sales.

U.S. stocks rose on Friday after a tame inflation report reinforced expectations that the Federal Reserve will cut interest rates at its final meeting of the year next week.

A shutdown-delayed federal report released Friday found overall U.S. inflation crept up slightly in September, driven mostly by rising gas and grocery prices as consumer spending cooled.

Core inflation, a price measure closely watched by the Federal Reserve, came in cooler than expected in September, according to delayed federal data, a win for Republican President Donald Trump, who wants the central bank to cut interest rates more quickly and is under pressure from Democrats over affordability.

October jobs and inflation reports are canceled and November data are delayed until after the Fed's Dec. 9-10 meeting. What this may mean for rates.

Global markets were mostly higher, with the execption of Japan, ahead of the U.S. personal consumption expenditures price index, the Fed’s preferred measure of inflation.

Friday's inflation data could soothe some worries about price growth. In September, the Fed's preferred inflation metric slowed down on an annual basis for the first time since April, BEA data showed Friday.