Personal Income Up 0.3%; Spending Rises 0.6%

WASHINGTON — Personal income increased 0.3% in March, while personal spending increased 0.6%, in line with economists’ estimates and the largest monthly increase in spending since October, the Commerce Department reported yesterday.

Core PCE, which excludes food and energy costs, rose 1.3% for the year ending in March, the same annual rise as posted in February.

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