Today's economic calendar is full, starting with a series of reports for personal income and spending at 8:30 a.m. ET.
The consensus forecast for personal income calls for a reading of 0.3 percent in May, up from the April figure of 0.2 percent and within the estimated range of -0.2 percent to 0.3 percent.
Consumer spending is expected come in at zero for May, down from April's 0.3 percent and within a range of -0.3 percent to 0.3 percent.
The PCE price index is next with a consensus forecast of -0.1 percent for May, down from a reading of zero in April. Estimates range from -0.2 percent to -0.1 percent.
The so-called core PCE is expected to come in at 0.2 percent in May, up from 0.1 percent in April and within a range of 0.1 percent to 0.2 percent.
New York Federal Reserve Bank President William Dudley is also scheduled for 8:30 a.m. ET. A speech by St. Louis Federal Reserve Bank President James Bullard will follow at 9:05 a.m. ET.
The Chicago Purchasing Managers Index for June will be released at 9:45 a.m. ET. The consensus forecast calls for the business barometer to come in at 53.1, up from 52.7 in May and within a range of 50.0 to 55.1.
Consumer sentiment for June will follow at 9:55 a.m. ET. Analysts are expecting the sentiment index to remain unchanged from May at 74.1, within a range of 73.5 to 79.0.
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