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What to Watch Friday: Consumer Income, Spending, & Sentiment

8/27/15 8:00 PM EDT
For Friday, August 28, TheStreet awaits important economic data on consumers. At 8:30 a.m. Eastern, Personal Income and Outlays numbers will be released. The consumer sector could continue its growth with an expected 0.4 percent increase in personal income and spending for July. More data on purchasing is expected tomorrow, with the Consumer Sentiment Survey results out at 10:00 a.m. Despite volatility in the markets, analysts see a slight gain to 93.3 for August, showing a positive impact on consumer spending. The Federal Reserve's annual Jackson Hole Symposium continues. We'll see if Federal Reserve's vice chair, Stanley Fischer, provides any insight into the Fed's next move. Earnings season is winding down, but watch for Big Lots (BIG), set to release its second quarter 2015 earnings before the bell. It's expected to report profits of 34 cents a share, up three cents from the same quarter last year. Revenue is expected to come in at a little over $1 billion. TheStreet's Valerie Young reports from New York.
Stocks in this video: BIGRGS
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