The monthly summary is not so wonderful, incomparison...
Inside all that pink is some troubling food related issues. Even though energy is somewhat in a narrow band, the food outlook is upward. The CPI-U expectations for the report on April, seemingly indicates a repeat of Mar-2024, outpacing the monthly core, although core is expected to ease a bit. Still above the overall CPI-U.
As for the personal income arena... this is the link... https://www.bea.gov/news/2024/personal-income-and-outlays-march-2024
There seems to be quite a jump in spending, versus Disposable personal income... for 2 consecutive months. Not sure there was much cash on hand, so the disposable is likely in the form of additional debt.
Of course the above report mentioned a rise in goods. Perhaps it did, but the 1Q GDP did not reflect that.
As for GDP, it now stands at 1.6% annualized for 1Q2024. The Trade deficit loomed large in the quarter and shows no signs of abating.
The reports for the month, ended up in so-so territory, imho. I am sure it will get spun hard in each direction.
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