US personal income dropped -2.0%, or USD 382.1B in March, below expectation of -1.4%. Personal spending dropped -7.5% or USD 1127.3B, below expectation of -5.0%. Headline PCE price index slowed to 1.3% yoy, down from 1.8% yoy, below expectation of 1.6% yoy. Core PCE price index slowed to 1.7% yoy, down from 1.8% yoy, matched expectations.
