WASHINGTON — The U.S. April personal income report was pretty much as expected, confirming a slow start to the second quarter.

April personal income posted up 0.2%, personal consumption expenditures rose 0.2%, and core PCE prices increased 0.1% for a 2.1% gain over the year. Real PCE was flat in a very slow start to the second quarter, suggesting consumption is slowing from a plus-1.0% seasonally adjusted annual rate in the first quarter.

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