Reports on U.S. personal incomes and consumer spending are due out at 7:30 a.m. CDT Friday, along with the PCE index for May, the Federal Reserve's favorite inflation indicator. The University of Michigan's index of consumer sentiment is set for 9 a.m., followed by USDA's Acreage and Grain Stocks reports at 11 a.m.
Weather
A hot ridge continues over the South-Central U.S. on Friday, and areas of thunderstorms will pass along the northern rim from Kansas and Nebraska through the Ohio Valley again throughout the day. While another derecho, like one that occurred on Thursday, is not anticipated early this morning, some areas of severe weather are likely to occur.