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Here Comes PCE...

Myles UdlandSep 29, 2014, 17:42 IST

The August report on personal income and outlays from the BEA is set for release at 8:30 am ET.

This report includes personal income and spending, as well as the personal consumption expenditures index, or PCE; "core" PCE, which excludes the cost of food and energy, is the Federal Reserve's preferred measure of inflation.

Expectations are for personal income to rise 0.3% and personal spending to rise 0.4% month-over-month, with "core" PCE flat month-over-month and up 1.4% year-over-year.

Last month, personal spending unexpectedly declined 0.1%.