Asking for a Trend host, Josh Lipton , details the key market events to watch for Friday, December 20.

The day's highlight will be the release of November's Personal Consumption Expenditures (PCE) price index — the Federal Reserve's preferred measure of inflation. Economists expect the core PCE, which excludes food and energy costs, to rise slightly by 0.2% month-over-month. The final reading of consumer sentiment is also due, with analysts forecasting a level of 74.2.

Additionally, investors are expecting quarterly earnings results from cruise line operator Carnival Corp. ( CCL ) and Winnebago ( WGO ).

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This post was written by Angel Smith