The DATA:
8:30a U.S. jobless claims unchanged at 374,000
8:30a U.S. consumer spending climbs 0.4% in July
8:30a Continuing claims decline 5,000 to 3.32 million
8:30a Four-week claims average rises 1,500 to 370,250
8:30a U.S. weekly jobless claims flat at 374,000
8:30a U.S. savings rate drops slightly to 4.2%
8:30a PCE inflation index increases less than 0.1%
8:30a Personal income climbs 0.3% in July
8:30a U.S. consumer spending rises 0.4% in July