U.S. inflation surged in March, driven by rising gasoline prices amid the Iran conflict, with the PCE index recording its sharpest monthly gain in nearly two years. Elevated inflation and steady core pressures have reinforced expectations of prolonged higher interest rates, while real consumer spending growth showed signs of slowing.
Why US stocks are rising: Nasdaq hits record after weaker jobs data cools rate-hike bets; Nike shares drop on forecast
US stocks rose, with the Nasdaq Composite hitting a record high after disappointing jobs data emerged. Lower Treasury yields and declining oil prices contributed to
October 2, 2026