PCE data, Trump-Biden debate takeaways, Nike earnings: Morning Brief

) started out in the green on Friday morning as investors digested the latest inflation data in the form of the Personal Consumption Expenditure Price Index , which was in line with expectations. BMO Senior Economist and Managing Director Jennifer Lee joins the show to explain why the PCE data was"the best one can expect." She suggests it should bolster the Fed's confidence in easing monetary policy.

President Joe Biden and former President Donald Trump faced off at the first presidential debate, taking aim at each other on immigration and economic conditions. Noting Biden's struggling debate performance, AGF Investments chief US policy strategist Greg Valliere explains that moving Biden out of the race would be a"contentious" process.) slipped after the company reported earnings following yesterday's market close.

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