Morning Juice – US Session Prep

Morning, Traders!
Happy Friday!
It is the 26th of July, here are some things to look out for today.

Sentiment
Stocks are recouping losses after a selloff in technology giants triggered a broader risk-off retreat this week.
Traders are now waiting for monthly PCE statistics, the final major data point before next week’s Federal Reserve meeting.

Docket
08:30 ET
US PCE Price Index for June
YoY – Median Forecast: 2.4% | Prior: 2.6% | Range: 2.5% / 2.3%
MoM – Median Forecast: 0.1% | Prior: 0% | Range: 0.1% / -0.1%
Core YoY – Median Forecast: 2.5% | Prior: 2.6% | Range: 2.6% / 2.4%
Core MoM – Median Forecast: 0.2% | Prior: 0.1% | Range: 0.% / 0%

US Consumer Spending for June
Median Forecast: 0.3% | Prior: 0.2% | Range: 0.7% / 0.1

10:00 ET
University of Michigan July Final Survey
Sentiment – Median Forecast: 66.4 | Prior: 66 | Range: 68 / 65
1-Year Inflation Expectations – Median Forecast: 2.9% | Prior: 2.9% | Range: 2.9% / 2.8%
5-Year Inflation Expectations – Median Forecast: 2.9% | Prior: 2.9% | Range: 2.9% (no deviation expectations)

Good luck, and enjoy your weekend!