Stocks climbed Friday as investors digested a new tariff blitz by US President Donald Trump and data showing a key US inflation metric rose in line with expectations.

Wall Street opened higher after slumping for three straight sessions over concerns that the US Federal Reserve might reconsider more interest-rate cuts.

Official data showed that the Fed's preferred gauge of inflation, the personal consumption expenditures (PCE) price index, reached 2.7 percent in August, up from 2.6 percent in July.

The figure is above the central bank's two-percent inflation target.

But it was in line with analyst forecasts, giving investors "some relief ... that the Fed will remain on track to cut rates two more times this year", said Bret Kenwell, US investment analyst at eToro trading platform.

The

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