April Personal Income and PCE Preview -.....>

US DATA: April Personal Income and PCE Preview - 08:30 EDT/13:30 BST

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- Personal income is expected to rise by 0.3% in April based on both the

Bloomberg consensus and MNI survey following a 0.1% gain in March. Stronger

payrolls growth and another 0.2% hourly earnings gain should offset a slightly

shorter workweek.

- Nominal PCE is expected to rise by 0.3% by BBG and by 0.2% by MNI after a 0.9%

surge in the previous month, as the retail sales data, including the control

group, were significantly weaker in April. 

- The core price index is expected to rise by 0.2% after a flat March reading

(after rounding). The year/year rate is likely to remain at 1.6% given a similar

monthly gain a year ago, further adding to concerns that inflation growth is too

slow.