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Analysts expect August core PCE.....>

US DATA PREVIEW
US DATA PREVIEW: Analysts expect August core PCE price index to rise 0.2%, after
three months of softer 0.1% gains. Many speculate that this uptick will push
forward a December rate hike. However, analysts forecast a moderation in both
personal income and current dollar PCE, to 0.2% and 0.1% from 0.4% and 0.3%
respectively. Personal spending is expected to be softer due to a mixture of
mean reversion, modest gains in personal income last month, and the anticipation
of a drag from Harvey on auto sales and utilities consumption outweighing
Harvey's boost to gas prices. Personal income growth, meanwhile, should be
restrained by soft job and wage growth.

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