BREAKING: Major slowdown in US personal income and spending

• Core PCE inflation, June. Actual: 4.6% YoY. Expected: 4.7% YoY. Previous: 4.8% YoY

• Personal spending, June. Actual: 0.1% MoM. Expected: 0.4% MoM. Previous: 1.1% MoM

• Personal income, June. Actual: 0.2% MoM. Expected: 0.6% MoM. Previous: 0.6% MoM

• Trade balance, June. Actual: -$89.06 billion. Expected: -$98.5 billion. Previous: -$98.18 billion

Although investors' attention is focused today on Powell's speech at the Jackson Hole symposium, there will also be something of interest for traders focused on macro data releases. We have just learned a number of economic data that on a normal day would project market sentiment. 

Powell has repeatedly mentioned that future FOMC decisions will be closely dependent on data from the economy. In addition, Powell's speech awaits us at 3 pm BST, followed 30 minutes later by Michigan's sentiment reading.