Rates edged higher Friday following the release of mixed economic data. This morning, the July Core PCE price index, one of the Fed’s preferred measures of inflation, rose 0.1%, matching expectations, and was a tame 1.5% higher than one year ago. Personal Income rose 0.2%, a bit below forecast. Consumer Spending fell by 0.1%. In increase of 0.1% had been expected. The Chicago Purchasing Managers Index jumped to 64.3, far above the consensus of 56.0. Readings above 50.0 indicate expansion in manufacturing in the Midwest Region. Consumer Sentiment rose unexpectedly to 82.5. A decrease to 80.1 had been forecast. No other key data will be released today. Financial markets will be closed on Monday for Labor Day.