Personal income rose 0.5% in April, personal consumption fell 0.1%, while core personal consumption expenditures rose 0.3% in the month, the Commerce Department reported yesterday.

Economists surveyed by Thomson Reuters predicted a 0.2% decline in personal income, an identical 0.2% decrease in consumption, and a 0.2% increase in the core PCE.

In March, income fell 0.2%, consumption declined 0.3%, and the core PCE price index increased 0.2%.

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