U.S. Consumer Spending and Income Rise in March, Inflation Holds Steady 

Personal income grew 0.5% month-on-month (m/m) in March, an increase relative to February’s 0.3% gain and in line with market expectations. Accounting for inflation and taxes, real personal disposable income rose 0.2% in March, a recovery from the -0.1% decline in February. Personal consumption expenditures rose by 0.8% m/m for a second consecutive month, above […]

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