(Finance) – Expenditures and incomes of American families were above expectations in April.
According to Bureau of Economic Analysis (BEA) of the United States, i personal consumption (PCE) they increased by 0.8% after +0.1% the previous month (data revised from +0%) and compare with +0.4% estimated by analysts. Inflation measured by the PCE index is used by the Fed as one of the main indicators of price pressures and demonstrates how difficult the US central bank is to fight against the gallop of inflation.
THE personal income recorded an increase of 0.4%, in line with the consensus and above the +0.3% recorded the previous month.
The Core PCE price index, a measure of inflation, shows a positive variation of 0.4% on the month (+0.3% the previous month) and 4.4% on the year (+4.2% the previous month), higher than market forecasts (+0.3 % on month and +3.9% on year).
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