Highlights
The main event today is the US personal income and spending report which includes the PCE price index, due at 8:30 am ET. Expectations for PCE prices call for a decline of 0.1 percent on the month and plus 3.7 percent on year. The expectation for the core looks for gains of 0.2 percent on month and 3.3 percent on year.
Numbers like this would affirm the narrative already built into markets that the Federal Reseerve will raise rates by 25 basis points in September and in December.
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