Personal Income increased 10.5% in April, Spending decreased 13.6%, Core PCE decreased 0.4%

The BEA released the Personal Income and Outlays report for April: Personal income increased $1.97 trillion (10.5 percent) in April according to estimates released today by the Bureau of Economic Analysis. Disposable personal income (DPI) increased $2.13 trillion (12.9 percent) and personal consumption expenditures (PCE) decreased $1.89 trillion (13.6 percent) . Real DPI increased 13.4 percent in April and Real PCE decreased 13.2 percent. The PCE price index decreased 0.5 percent. Excluding food and energy, the PCE price index decreased 0.4 percent. The April PCE price index increased 0.5......(read more)

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