A.M. Update

Index futures are up from +0.35% to +0.5% following this morning’s data dump as PCE came in much cooler than expected. Personal income increased 0.2% month-over-month in August (consensus 0.4%), from a downwardly revised prior increase of 0.3% (from 0.4%). Personal spending rose 0.9% (consensus 0.7%), from a downwardly revised previous increase of 0.1% (from…