US personal income rose 0.5% mom or USD 107.2B in March, slightly above expectation of 0.4% mom. Spending rose 1.1% mom or USD 185.0B, above expectation of 0.6% mom.
Headline PCE price index accelerated from 6.3% yoy to 6.6% yoy, above expectation of 6.5% yoy. Excluding good and energy, PCE core price index ticked down from 5.3% yoy to 5.2% yoy, below expectation of 5.3% yoy. Energy prices increased 33.9% yoy while food prices rose 9.2% yoy.
