Economic Data Scheduled For Friday

The employment cost index for the second quarter is scheduled for release at 8:30 a.m. ET. The employment cost index is projected to increase 0.9% quarter-over-quarter in the second quarter, following a 0.9% rise in the prior quarter.
Data on personal income and outlays for June will be released at 8:30 a.m. ET. Analysts expect personal income dropping 0.7% in June following a 2.0% drop a month ago. Consumption expenditures, which came in unchanged during May, are likely to increase 0.6% in June.
Federal Reserve Bank of St. Louis President James Bullard is set to speak at 9:00 a.m. ET.
The Chicago PMI for July is scheduled for release at 9:45 a.m. ET. Analysts expect the index at 66.1 in July.
The University of Michigan's consumer sentiment index for July will be released at 10:00 a.m. ET. Consumer sentiment dropped unexpectedly to 80.8 in the preliminary report for July. Analysts expect the index closing the month at 80.8.
The Baker Hughes North American rig count report for the latest week is scheduled for release at 1:00 p.m. ET.
Data on farm prices for June will be released at 3:00 p.m. ET.
Federal Reserve Governor Lael Brainard will speak at 8:30 p.m. ET.