The bottom line: Short-term Treasurys appear to offer attractive real (inflation-adjusted) yields. Assuming that inflation turns out as expected, you will beat inflation over the next year by more than at any other time in nearly two decades.

Fed officials should be able to focus on the wavering labor market and cut interest rates by another quarter percentage point at their final meeting of the year next week, thanks to relatively stable inflation data.

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.

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.

The European Central Bank has no reason to change interest rates for months and should be mindful of some upside inflation risks, including from slower wage moderation and a smaller impact from the euro's firming,

President Donald Trump calls affordability a "Democrat scam" while inflation rises to 3% and voters express growing economic concerns in new polling data across the nation.

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,