Feb Personal Income, Jan PCE Preview -......>

US DATA: Feb Personal Income, Jan PCE Preview - 08:30 ET/12:30 GMT

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- February personal income is expected to rise by 0.3% based on both the

Bloomberg consensus and MNI survey following a 0.1% decline January. A 0.4% gain

hourly earnings is expected to offset the shorter workweek and soft payrolls

gain. Additionally, a rebound in return on assets, which drove the January

decline, is expected.

- January current dollar PCE is expected to rise by 0.3% by both the BBG and MNI

surveys, as suggested by a rebound in retail sales in the month. The PCE data

lag by a month due to after-effects from the shutdown, but should be caught up

next month when both the February and March data will be released.

- January core PCE prices are seen flat by the BBG survey and up 0.2% by the MNI

survey. Either way, the year/year rate will remain at or below the 1.9% rate set

in December