Nothing on the economic calendar today – just a bunch of Fed speeches. Let’s see how markets have been moving.

We got more consumer confidence data this morning and despite so much doom-and-gloom talk, it came in significantly stronger than expected. Let’s see how markets have been moving.

The latest data on the Fed’s preferred inflation gauge – the PCE index – came out this morning. The annual numbers came in at 3% annually – in line with expectations – but a clear sign that inflation is still trending very much above target.