The Labor Department's third-quarter employment cost index will be out at 7:30 a.m. CDT Friday, the same time as a report on U.S. personal incomes and consumer spending for September. The University of Michigan's consumer sentiment index for October is due out at 9 a.m., the same time as a U.S. index of pending home sales for September. Traders will keep an eye on the latest weather forecasts and on outside markets ahead of a likely rate hike on Wednesday, November 2.
Weather
A small storm system has moved into Texas where rains have spread into Oklahoma. The system will be a slow-mover with showers possibly getting into the Delta Friday night, but could wait until Saturday in some places. Some heavier rain will be possible as further drought reduction looks likely in this small area. But the rest of the country will largely be dry today with near- to above-normal temperatures, favoring harvest and other fieldwork.