A.M. Update

S&P futures are up 0.3% from a flat start before the PCE report. Personal income increased 0.4% month-over-month in August (consensus 0.3%) Personal spending increased 0.6% month-over-month (consensus 0.4%) The PCE Price Index increased 0.3% month-over-month (consensus 0.3%) Core PCE inflation, which excludes food and energy, increased 0.2% month-over-month (consensus 0.2%). On a year-over-year basis,…