US personal income dropped -13.1% mom, or USD 3.21T in April, slightly better than expectation of -14.0% mom. Personal spending rose 0.5% mom, or USD 80.3B, below expectation of 0.6% mom.
Headline PCE price index accelerated to 3.6% yoy, up from 2.4% yoy, above expectation of 2.2% yoy. Core PCE price index also jumped to 3.1% yoy, up from 1.9% yoy, above expectation of 3.0% yoy.
