Lots of economic data out this morning…

The PCE price index increased at 0.5% MoM and 3.6% YoY.  Excluding food and energy: 0.3% and 3.1%. GDP grew at 3.4% and consumer spending grew 3.8% in the third quarter. All in all, the data calls into question yesterday’s Fed decision to sit on its hands.

Meanwhile…

GOOGL and CAT are both weighing on the futures.

Stay tuned…