The Federal Reserve's preferred inflation gauge, the PCE index, will be out at 7:30 a.m. CDT Friday, the same time as the employment cost index for the first quarter and reports on U.S. personal incomes and spending in March. The University of Michigan's consumer sentiment index for April will be out at 9 a.m. Traders will keep up on the latest weather forecasts and pause at 8 a.m., not knowing if USDA has an export sale, a cancellation or neither.
Weather
A couple of systems are pushing through the country on Friday, producing areas of scattered showers from the Southern Plains to the Northeast and places in between. Some stronger thunderstorms will be possible across Texas later today as well as some breezy winds behind a front across the western Plains.