Wall Street rises as US inflation cools below forecasts

Wall Street opened higher Wednesday after US inflation data came in below expectations, with the S&P 500, Dow Jones, and Nasdaq all posting gains. The Personal Consumption Expenditures (PCE) price index rose 0.3% in August, while core PCE, the Federal Reserve's preferred inflation gauge, increased 0.2%, below the median economist forecast. The data supports arguments against a Fed rate hike in October, though analysts note it doesn't reflect recent diesel price increases. European markets also rose, with the Stoxx 600 gaining 0.37%, while oil prices fell as Middle East crude flows recover to 98% of pre-war levels. The euro zone debt yields eased, with Portugal's 10-year yield dropping below 4%.