U.S. Personal Income Increases In Line With Estimates In April
(RTTNews) - A report released by the Commerce Department on Friday showed personal income in the U.S. increased in line with economist estimates in the month of April.
The Commerce Department said personal income climbed by 0.4 percent in April after rising by 0.3 percent in March. The growth matched expectations.
The report also showed consumer spending advanced by 0.8 percent in April following a revised 0.1 percent uptick in March.
Economists had expected spending to rise by 0.4 percent compared to the unchanged reading originally reported for the previous month.
The personal income and spending report also includes readings on consumer price inflation that are said to be preferred by the Federal Reserve.
The report said the annual rate of consumer price growth accelerated to 4.4 percent in April from 4.2 percent in March.
The annual rate of growth by core consumer prices, which exclude food and energy prices, also accelerated to 4.7 percent in April from 4.6 percent in March, in line with estimates.
U.S. GDP Jumps More Than Previously Estimated In Q2
U.S. Weekly Jobless Claims Edge Down To 229,000
U.S. Consumer Confidence Index Edges Lower In August
U.S. Durable Goods Orders Slump 2.8% In July, Much Less Than Expected
U.S. Durable Goods Orders Tumble Less Than Expected In July
U.S. New Home Sales Pull Back From Upwardly Revised Level In July
Powell Says Outlook, Shifting Balance Of Risks 'May Warrant' Lower Rates
