US personal spending grows 1.0% in April

Source: Investing.com
US personal spending rose 1.0% in April, following March's 0.1% result and surpassing the 0.7% forecast. In the meantime, personal income remained unchanged at 0.4%, in line with economists' expectations, whereas the core PCE rose 0.2% in April, following the previous month's 0.1% and meeting analysts' forecasts.


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