Following a quiet week, all eyes will turn towards the FOMC meeting on Tuesday and Wednesday as other key economic data is due out scattered around that meeting. With current expectations for a rate hike, the focus for investors will be on commentary following the meeting that should provide additional color on future rate hikes, with December being of particular interest to investors.
In addition to the FOMC meeting, three key consumer-focused data points are due out this week as the two consumer confidence indexes will be released along with Personal Income and Spending. We have maintained our positive core thesis in large part due to a strong labor market leading to strong consumer confidence and consumer spending, so these numbers are of particular interest to us, and all three are expected to continue to be strong.
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