Consumer spending accounts for around 70% of the total U.S. economy and traders are keen to know the impact U.S. tariffs have had on corporate forecasts and individual expenditure. Home improvement retailer Home Depot inched up in premarket trading ahead of its quarterly results that could also offer clues on the condition of the housing market. Investors are also waiting for remarks from Fed Vice Chair for Supervision Michelle Bowman later in the day.
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