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What to Watch: Personal Income/Spending, PCE, UofM Inflation Exp

US TSYS
  • Final round of weekly economic data ahead of next Wednesday's FOMC policy announcement includes Personal Income/Spending and PCE deflator figures at 0830ET. University of Michigan sentiment, inflation expectations follows at 1000ET while Kansas City Fed Services Activity wraps things up at 1100ET.
  • Fed VC Barr will make opening remarks at a Fed payment conference at 0900ET while the Fed remains in media blackout in regards to policy through November 2.
  • Aside from next week's FOMC, markets see latest ADP private employment data early Wednesday, Non-Farm payrolls next Friday. US Treasury's quarterly borrowing estimates on Monday.
  • This week's corporate earnings have run their course already this morning, oil stocks weaker after Chevron, Exxon Mobil, Phillips 66 all missed est's after weaker Q3 profits.

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