Highlights
On a big day for economic indicators, personal income and spending is due at 8:30 am ET. Expectations center on gains of 0.3 percent for income and 0.5 percent for spending. The PCE price index is seen up 0.5 percent and core up 0.3 percent on the month for ugly annual increases of 3.6 percent and 3.1 percent, respectively. The Econoday consensus for Q3 GDP, also due at 8:30 am ET, calls for a 3.1 percent annual growth rate, not bad.
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