The Personal Consumption Expenditures (PCE) price index — the Federal Reserve's preferred inflation gauge — for the month of July is due out tomorrow morning. This data comes out after revisions to US GDP (gross domestic product) in the second quarter saw the economy grow by 3%, revised higher from 2.8%. Berkshire Hathaway (BRK-B, BRK-A) chairman and CEO Warren Buffett will be turning 94 on Friday, August 30, just days after Berkshire reached $1 trillion in market cap. For more expert insight and the latest market action, click here to watch this full episode of Asking for a Trend. This post was written by Luke Carberry Mogan.