The U.S. index of personal consumption expenditures will be out at 7:30 a.m. CST Friday, an indicator of inflation watched by the Fed. The University of Michigan's index of consumer sentiment follows at 9 a.m. Traders will continue to watch the latest weather forecasts, especially in South America.
Weather
A clipper system moving through the Upper Midwest is dragging a cold front through the North-Central U.S. Friday. Breezy winds continue near the storm center in the Upper Midwest. Cold air over Canada will gradually fill in behind the front later in the day, resulting in well-below normal temperatures for the weekend. In addition to the cold, the front will be bringing scattered snows, some of which may be heavier near the northern Rockies and also near the South Dakota-Nebraska border through Friday night.