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Here comes personal income and spending ...

Myles Udland   

Here comes personal income and spending ...

The May report on personal income and spending is set for release at 8:30 am ET.

Personal income is expected to rise 0.5% in May, up from a 0.4% increase in April.

Spending is expected to rise 0.7% in May after spending in April was flat.

This report will also give us a reading on personal consumption expenditures - a measure of inflation - which is expected to show that one a "core" basis, which excludes food and gas, prices rose 0.1% over last month and 1.2% over the prior year in May.

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

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