The Week Ahead...

This may be the week that fully shapes expectations for the October FOMC. A weak September employment report on Friday could very well kill expectations for an October rate hike while an especially strong report could seal those expectations. But the week is packed with key data especially Monday's personal income & outlays report where another soft reading for the core PCE price index could be an offset to any subsequent strength in the jobs report. Also keep an eye out for vehicle sales on Thursday which will offer the first indications on September consumer spending.