There are three pretty important economic datapoints coming out today.
From Calculated Risk:
• At 8:30 AM ET, the Personal Income and Outlays for December. The consensus is for a 0.2% increase in personal income, and for a 0.2% increase in personal spending. And for the Core PCE price index to increase 0.1%.
• At 9:45 AM, the Chicago Purchasing Managers Index for January. The consensus is for an increase to 59.5, up from 59.1 in December.
• At 9:55 AM, the Reuter’s/University of Michigan’s Consumer sentiment index (final for January). The consensus is for a reading of 81.0, up from the preliminary reading of 80.4, and down from the December reading of 82.5.
We’ll be covering each of these LIVE.