And welcome to closing bell live from Post 9 at the New York Stock Exchange.

I'm Courtney Reagan in today for Scott Wapner.

This make-or break hour begins with a strong Friday finish.

Stocks pushing higher as the latest read on inflation gives investors new confidence that the Fed remains on track to cut rates two more times this year.

Just ahead, we will hear from the Wharton School's Jeremy Siegel.

We'll get his take on

today's PCE report. But first, your scorecard with 60 minutes to go in the trading session. You can see the major averages are higher. The Dow leading the way higher by 8 tenths of a percent, S&P 500 higher by 6 tenths of a percent, and the NASDAQ composite higher by four tenths of a percent. Every sector in the green today, except for consumer

staples, consumer discretionary leading the way. Bon yields holding steady following that

inflation report that we are going to talk about in just a minute because we do want to focus

there for the talk of the tape. So did this latest wave of data just give the green light for

more gains ahead? Let's ask,

Wharton School Professor of Finance and Wisdom tree chief economist Jeremy Siegel. Professor Siegel,

what was your take on the report today? Obviously came in line as expected, but year over year,

inflation at the headline up 2.9 percent, still above the Fed's target rate.

Yeah, most certainly, but the news was good. It hit all the targets, no upside surprise.

And yesterday, strong economic data, I think that both on the trade deficit going down

and on the durable goods report. And I think all

forecasters have now raised their GDP estimates for the third quarter. So with tame inflation,

stronger real growth, I mean, these are all good signs for the stock market.

And so you would call inflation tame because of the month-over-month number?

Well, yes, the month and over-month number, and I do expect the tariffs to cause a bump

in inflation, but I think that the Fed has to look beyond that because tariffs are really

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