Meanwhile, the monthly rise in auto sales was 3.6% in September, with unit sales reaching a 12-year high, and sales of building materials and garden equipment were up 2.1% on the month.
The Consumer Price Index grew 0.5% in September on a seasonally adjusted basis, according to U.S. Bureau of Labor Statistics.
Excluding food and energy prices, core producer prices still rose by 0.4 percent in September after inching up by 0.1 percent in August.
The increase in consumer prices was largely due to a jump in energy prices, which soared by 6.1 percent in September after jumping by 2.8 percent in August. The Labor Department added that Hurricane Irma has a "small impact" on the data collection.
Penn State's James Franklin has a response to that Texas A&M chatter
James Franklin rarely responds to media rumors and speculation, but on Friday morning, he must have felt compelled to. In a tweet, Franklin said, "Recruiting is a insane business, people will do anything to create drama".
Core inflation. CPI ex food and energy is forecast to tick higher to 1.8% from 1.7%.
Germany's inflation held steady, as initially estimated, in September, final data from Destatis showed Friday.
"Overall, with temporary factors weighing on core inflation and the activity data still suggesting that economic growth is strong, we still think that the Fed will press ahead and raise rates in December", said Michael Pearce, U.S. economist at Capital Economics. Officials were split on whether to hike rates for the third time this year, which would likely be in December.
The year-over-year reading is expected to rise to 2.3% from 1.9%.
Chevron Corporation (CVX) Stock Rating Upgraded by Barclays PLC
It increased, as 65 investors sold CVX shares while 653 reduced holdings. 108 funds opened positions while 386 raised stakes. BidaskClub cut Chevron Corporation from a "sell" rating to a "strong sell" rating in a research note on Friday, June 23rd.
"I$3 t's worth noting that the CPI number is not the Fed's preferred measure of inflation but it is released a couple of weeks before the core PCE price index and there is followed closely for signs of price pressures building or declining", Craig Erlam, senior market analyst at OANDA, said in emailed commentary.
U.S. Treasury yields dipped and the dollar rose slightly on Thursday as investors awaited U.S. inflation data while Wall Street stock indexes fell as earnings season kicked off with a whimper.
The pan-European FTSEurofirst 300 index rose 0.01 percent and MSCI's gauge of stocks across the globe gained 0.12 percent.
Sterling last traded at $1.3273, up 0.39 percent on the day.
Samsung launches the entry-level Galaxy J2 2017 with 4G
As mentioned before, the T-Mobile version is expected to come with model number SM-G892T (compared to AT&T which is G892A). The dual-SIM Samsung Galaxy J2 (2017) supports 4G VoLTE support and runs Android 7.0 Nougat operating system.
The dollar, which was yoyoing against the pound all morning, fell again to 1.3320 on the news to extend losses on the day to 0.44%, while spiking down on the euro 0.3% to 1.1866. The Japanese yen was up by 0.5% at 111.77 per dollar.