Shares of Tapestry Inc TPR.N also rose after the luxury handbag maker said it expects revenue of $8 billion by fiscal year 2025. The gains followed a sharp sell-off that began in mid-August, triggered by concerns about the impact of tighter monetary policies and signs of an economic slowdown in Europe and China. Wells Fargo economists expect headline inflation to log its steepest monthly decline since the peak of the pandemic in April 2020, helped by a pullback in gas prices.