April Income Steady; Personal Spending Surges In April Compared To March -- May 26, 2023

Locator: 44762ECON.

Several big stories on economy today. This was one of them. Link here. 

Previously posted:

Lesson learned (again):

• analysts think like CPAs;
• analysts need to think like sociologists.

Reminder:

• spending is measured in dollars, not in number of widgets sold.