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.