Economics
U.S. Household Spending Growth Moderates; Core Prices Jump
- Personal outlays rise 0.5% after stimulus-fueled March surge
- Core PCE price index climbs 0.7% from March, most since 2001
Photographer: Amir Hamja/Bloomberg
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U.S. personal spending rose at a steady, yet moderate pace in April after a stimulus-fueled binge a month earlier.