Good morning.

On a rather heavy day for US economic data releases, keep an eye out for:

PCE Inflation (the Fed's preferred measure): Consensus expects the annual headline rate to rise to 3.8%, with core remaining relatively unchanged at 3.3%.

Jobless Claims: Expected to hold steady at 211,000.

Income & Spending: Monthly spending growth is projected to decline to 0.5%, while income growth is projected at 0.4%.

Revised Q1 GDP: Expected to remain unchanged at 2.0%.

#economy #markets #growth #inflation #employment