Here come personal income and spending ...
The Commerce Department's monthly report on personal income, spending, and price inflation is due at 8:30 a.m. ET.
Economists forecast that personal income rose by 0.4%, while spending increased 0.5% in October, according to Bloomberg.
The second estimate of Q3 gross domestic product released on Tuesday was revised higher, to a 3.2% pace from 2.9%. This was mostly due to new data that reflected stronger consumer spending than previously thought.
The upcoming report will also include
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