Quick Interpretation of the U.S. April PCE Data

After the strongest month of consumption since the beginning of 2023, U.S. consumer spending hit the brakes in April, while inflation remained mild, consistent with the trend of economic slowdown. These data reflect that many American consumers still have concerns about the economic outlook after the weakest consumption quarter in nearly two years. Although higher import tariffs have not yet fully reflected in commodity prices, consumer confidence has declined, and the personal financial outlook index has hit a record low