U.S. Consumer Spending and Income Slow in April

Personal income slowed to 0.3% month-on-month (m/m) in April, down from March’s 0.5% gain, but in line with market expectations . Accounting for inflation and taxes, real personal disposable income declined -0.1% m/m in April, reversing all of last month’s gain. Personal consumption expenditures rose by 0.2% m/m. This is lower than the revised 0.7% […]

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