Personal Income Comes In Just Shy Of Expectations, Income In Line

The number:

Personal spending in April was only 0.4% vs. 0.5% estimated and 0.6% last month.

Income was bang-on in line with expectations.

Markets aren’t doing anything in the pre-market right now.

Background: Analysts looking for 0.4% income growth and 0.5% spending growth for April.

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