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A softer-than-expected August inflation reading boosted US stocks and reduced traders’ estimated probability of an October Federal Reserve rate hike from about 45% to 35%.
The Personal Consumption Expenditures price index rose 3.4% year-on-year in August.
U.S. gross domestic product grew at an annual pace in the second quarter of 2026.
G20 trade ministers met for a second day in Milwaukee amid US tariff tensions. US Trade Chief Jamieson Greer said ministers failed to agree on industrial overcapacity and forced labour, but reached consensus against weaponising food through coercive trade actions.
The G20 trade-minister talks are scheduled to last two days.
Defense Secretary Pete Hegseth said the US had fired 10% of its generals and admirals and reduced general-officer slots by another 10%, for a 20% reduction. The Pentagon did not clarify whether the cuts were complete; they are due by Jan. 1, 2027.
AllegedThe reported new reduction would bring the total decrease to 20 percent.
At a White House meeting, Trump and AI executives signed a voluntary accord on controls, audits, board oversight and community support; it is nonbinding and has no penalties or government enforcement. Trump ordered agencies to use “Super Intelligence”; America.gov was unveiled.
Donald Trump launched America.gov to simplify access to federal information and services. The AI chatbot points users to official sources and is powered by Google Gemini and xAI Grok; testing found it answered that Joe Biden won the 2020 election.
Presidents listed by America.gov as refusing their salaries before Donald Trump
The Supreme Court lifted restrictions on Trump administration third-country deportations while agreeing to hear the case in December. The lower court had required effective notice and a chance to raise persecution concerns; more than 25,000 people have been affected, and Burundi joined at least 35 countries with agreements.
Refugees International and Human Rights First counted more than 25000 people deported by the Trump administration to countries that were not their own.
Gold fell 3.3 percent to $4,146.51 per ounce, its lowest level in more than seven weeks, while silver, platinum and palladium also declined. The article links the moves to rising oil prices, a stronger US dollar, higher Treasury yields and inflation concerns.
Spot gold price decline