U.S. | Consumer spending increases strongly in April
Published on Tuesday, May 31, 2016
U.S. | Consumer spending increases strongly in April
Summary
Personal income increased 0.4% MoM, the fastest pace in six months. Consumer spending increased 1.0% MoM, the highest since August 2009. Core PCE inflation remained at 1.6%, keeping the Fed on track for gradual rate increases
Geographies
- Geography Tags
- Global
Topics
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- Macroeconomic Analysis
Authors
Filip Blazheski
Kim Fraser