Traders and investors will closely watch Friday morning’s U.S. personal income and expenditures data, including the inflation readings. The Federal Reserve is said to watch the personal income inflation data closely. The July PCE price index is seen coming in at up 2.6% year-over-year, with the “core” PCE reading (excluding food and energy) seen coming in at up 2.9%. In the June report, the PCE was up 2.6% and the core PCE was up 2.8% annually. Then, many traders and investors will hit the exit doors for an early jump on a three-day U.S. holiday weekend.
