The U.S Commerce Department released this morning its Income Report regarding April where Personal Income rose by 0.4% as forecasted and below the prior 0.5%, while Personal Spending climbed by 0.4% worse than the prior revised and expected 0.5%.

The PCE deflator index rose by an annualized 2.2% as expected above the prior 1.8%, while core PCE rose in April by 0.2% as expected up from the prior rise of 0.1%, while compared with a year earlier, core PCE rose by 1.0% as expected comapred to the prior rise of 1.9% rise.