Trump family members Melania Trump, Ivanka Trump, Eric Trump and Donald Trump, Jr. wait for the second presidential debate Oct. 6 between Donald Trump and Democratic presidential nominee Hillary Clinton at Washington University in St. Louis. President-elect Donald Trump's children may see his move to the White House as a way to raise money for their favorite causes.
U.S. consumer prices recorded their biggest gain in five months in September as the cost of gasoline and rents surged, pointing to a steady pickup of inflation that could keep the Federal Reserve on track to raise interest rates in December. The Labor Department said on Tuesday its Consumer Price Index increased 0.3 percent last month after rising 0.2 percent in August.
Prices of core consumer goods, like clothes, improved at a slightly weaker than expected rate in September, helping drive short-term yields lower. Investors favored short-term notes on Tuesday, pushing the yield curve to its widest point since mid-September, as new inflation data marginally reduced expectations for an interest-rate hike in December.
Stocks ended a volatile week on a lower note, following a downturn in European banking names and hotter than expected August CPI data, but the indexes retained gains for the week ahead of next week's Fed meeting. "We don't know what the Fed will do.