Here Comes Consumer Confidence...

The preliminary reading on consumer confidence in January is set for release from the University of Michigan at the top of the hour.

Expectations are for the reading to come in at 94.1, up from the final 93.6 reading in December.

This report follows inflation data that showed consumer prices fell 0.4% in December, which was in-line with expectations, as energy prices fell more than 9%.

We'll be back with the live numbers when they hit.