That bow marks the end of regulation.

The Sled, we're going to closing down at the New York Stock Exchange.

YSX Tech doing the honors at the NADDAC.

And stocks jumping, yields pulling back as new data and Fed commentary ease some concerns about inflation in the path of rate cuts.

Though the major averages closed well off the highs.

That's a scorecard on Wall Street.

But winners stay late. Welcome

to closing bill overtime. I'm John Ford with Morgan Brennan. We have a big show coming your way.

Commerce Secretary Gina Ramundo joins us with her warning about a potential government shutdown,

plus the latest on New Chips Act grants and reports about a crackdown on Nvidia.

Plus former Boston Fed President Eric Rosengren, who said he would have voted against

a rate cut at this week's Fed meeting, weighs in on the latest messaging from the Fed,

and this wild week of policy speculation.

Let's get straight now, though, to the market and this rally to end the week, which started

after a cooler than expected inflation read, but really took

off after Chicago Fed President Austin Gouldsby told Squawk on the street this morning that rates

could sure come down more. Take a listen. They think that the ultimate rate is around 3%

with inflation of 2%, a real rate of 1% we're still above that so I

still think it's meaningfully restrictive and that's why I say over the next 12 to 18

months if conditions keep on the way that they have over the last 18 months I

think rates come down a fair bit more.

Right.

...