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Personal Income/Spending And PCE Price Data In Line; ECI Higher

US DATA

The raft of 0830ET data came out mostly in line with expectations:

  • March personal spending +4.2% M/M (+4.1% expected)
  • March personal income +21.1% M/M (+20.3% expected)
  • Core PCE prices +1.8% Y/Y (as expected)
  • Core PCE prices +0.4% M/M (+0.3% expected)
  • Q1 employment cost index +0.9% (+0.7% expected)

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