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Economic Report: Coming up: PCE inflation and consumer spending


A key measure of U.S. inflation known as the PCE index is forecast to rise 0.1% in August. The core PCE, which excludes food and energy, is seen advancing 0.5%.

The yearly increase in the PCE is expected to slip to 6% from 6.3%. The core rate is expected to move up a tick to 4.7%. 

Consumer spending is forecast to climb 0.3% in August. 

The report on consumer spending and inflation will be released at 8:30 a.m. Eastern by the Bureau of Economic Analysis. 

In premarket trades, the Dow Jones Industrial Average

and S&P 500

were set to open higher in Friday trades. Stocks have tumbled the past few weeks in response to higher interest rates and the growing threat of recession.

Need to Know: Here’s why investors should start betting on Apple and the stock market now

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