Maria Aspin
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Now more top investors and CEOs are warning that the AI bubble is due to burst.
That's a problem for the stock market, which has been hitting record highs thanks to tech stocks, despite lots of other economic uncertainty.
Tariffs are cutting into company profits, consumer prices are rising, and the jobs market is weakening.
Investors will get a delayed government update on employment.
But in the meantime, they celebrated NVIDIA's blockbuster report card.
Maria Aspin, NPR News, New York.
Annual inflation was slightly lower than expected in September, the government said Friday.
It's not releasing most economic data during the shutdown, but it needs this particular report to determine the cost of living increase for Social Security recipients.
Now those 75 million people will see an extra $56 per month on average in their Social Security checks starting in January.
Meanwhile, investors welcomed the inflation report as another sign that the Federal Reserve will cut interest rates again next week.
The Fed is trying to keep prices under control, but it's also increasingly worried about the job market.
The shutdown means it's flying mostly blind.
as the government has not released the most recent jobs report.
Maria Aspin, NPR News, New York.
Annual inflation was slightly lower than expected in September, the government said Friday.
It's not releasing most economic data during the shutdown, but it needs this particular report to determine the cost-of-living increase for Social Security recipients.
Now those 75 million people will see an extra $56 per month on average in their Social Security checks, starting in January.
Meanwhile, investors welcomed the inflation report as another sign that the Federal Reserve will cut interest rates again next week.
The Fed is trying to keep prices under control, but it's also increasingly worried about the job market.
The shutdown means it's flying mostly blind.