US: Personal income and spending, core PCE, durable goods orders, and new home sales in focus - BBH

Analysts at BBH suggest that during the North American session, the US reports November personal income and spending, core PCE, durable goods orders, and new home sales and will be the key economic releases for the day.  

Key Quotes

“The print that will likely draw the most interest will be core PCE, as markets continue to look for signs of rising wage and price pressures.  Consensus sees a 1.5% y/y rise in core PCE, up from 1.4% but well below the Fed’s preferred 2%.  Yesterday Q3 core PCE was revised down to 1.3% y/y from 1.4% previously.”