Reply To: Traders Market Weekly: Memorial Weekend a Time for Reflection


The PCE Price Index increased 0.2% in April while the core reading, which excludes food and energy, increased 0.3% (consensus +0.3%). Year-over-year, the PCE Price Index was up 6.3% (versus 6.6% in March) while the core PCE Index was up 4.9% (versus 5.2% in March).

Personal income increased 0.4% in April (consensus +0.5%) following a 0.5% increase in March. Personal spending increased 0.9% in April ( consensus +0.6%) following a revised 1.4% increase (from +1.1%) in March.

The Advance report for International Trade in Goods for April showed a deficit of $105.9 billion, versus a revised $125.9 billion (from $125.3 billion) in March. The Advance report for Retail Inventories for April rose 0.7%, and the Advance report for Wholesale Inventories for April rose 2.1%.