The personal income of American households increased by 0.5% in March compared to the previous month, against +0.4% consensus and +0.7%…
(Boursier.com) — The personal income of American households increased by 0.5% in March compared to the previous month, against +0.4% consensus and +0.7% a month before. Personal consumer spending rose by 1.1%, against +0.6% consensus and +0.6% a month earlier. The core PCE price index, the Fed’s most watched price indicator, rose 0.3% from the previous month, in line with expectations, and after +0.3% in February . Over one year, it increased by 5.2% against 5.3% consensus.
The employment cost index in the USA for the first quarter, which has also just been revealed, rose by 1.4% compared to the previous quarter, against 1.1% consensus.
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