Good Morning Traders.
It is Friday the 27th of October, here is what to look out for today.
Sentiment
The Dollar Index edged lower ahead of key US economic data, including the Federal Reserve’s preferred measure of underlying inflation, that could lend more credence to bets on a rate pause next week.
Treasury yields were little changed after a steep drop yesterday.
Treasury Secretary Yellen stated yesterday that the surge in longer-term bond yields in recent months is a reflection of a strong US economy, not the jump in government borrowing driven by a widening fiscal deficit.
Stock index futures gained on solid earnings reports from Amazon and Intel last night.
Docket
08:30 ET
US PCE Price Index for September
YoY - Median Forecast: 3.4% | Prior: 3.5% | Range: 3.5% / 3.3%
MoM - Median Forecast: 0.3% | Prior: 0.4% | Range: 0.4% / 0.2%
Core YoY - Median Forecast: 3.7% | Prior: 3.9% | Range: 4% / 3.3%
Core MoM - Median Forecast: 0.3% | Prior: 0.1% | Range: 0.3% / 0.2%
Consumer Spending MoM for September
Median Forecast: 0.5% | Prior: 0.4% | Range: 0.8% / 0.3%
US Personal Income MoM for September
Median Forecast: 0.4% | Prior: 0.4% | Range: 0.7% / 0.3%
10:00 ET
University of Michigan October Final
Sentiment - Median Forecast: 63 | Prior: 63 | Range: 65.1 / 62
1-Year - Median Forecast: 3.8% | Prior: 3.8% | Range: 3.8% / 3.7%
5-Year - Median Forecast: 3% | Prior: 3% | Range: 3% / 2.9%
Speakers
09:00 ET
Fed's Barr delivers opening remarks at the second day of the Fed's Economics of Payments XII Conference.
Text is expected but no Q&A.
Good luck!
