US: Slew of economic data - BBH

Research Team at BBH, suggests that there is a slew of North American data today which will keep the investors engaged in today’s session. 

Key Quotes

“In the US, the personal consumption expenditures will be used to calculate Q3 GDP.  After the improvement in the advance merchandise trade balance and inventory data, look for Q3 estimates to be raised again, with many, perhaps even the Atlanta Fed, returning toward 3% forecasts.

he core PCE deflator, the Fed's preferred inflation measure is expected to tick up to 1.7%, which would represent new two-year highs.  The Chicago PMI may attract attention.  It is expected to improve from the 51.5 reading in August.  Lastly, the University of Michigan's consumer confidence report and the inflation expectation will be reported.”