美国4月核心PCE价格同比2.5% 创下四年多新低 个人支出大幅放缓至0.1%

Group 1 - The core inflation indicator, the April core PCE price index, rose by 2.5% year-on-year, matching expectations and slowing from a revised previous value of 2.7%, marking the smallest increase in over four years [2] - The overall PCE price index increased by 2.1% year-on-year in April, falling short of the expected 2.2% and the previous value of 2.3% [3] - Personal spending showed a significant slowdown, with real personal spending growing only 0.1% month-on-month in April, down from a 0.7% increase in March [4] Group 2 - Despite the slowdown in consumer spending, personal income remained strong, increasing by 0.8% month-on-month, the largest increase since January 2024, exceeding the expected 0.3% [6] - The savings rate rebounded strongly to 4.9%, the highest level since April 2024, due to income performance outpacing spending [11] - The "super core inflation indicator," which excludes housing and energy costs, also fell to its lowest level in four years, with a notable decrease in service costs, particularly in financial services and insurance [5] Group 3 - The consumer spending data indicates growing anxiety among American consumers regarding the economic outlook, with confidence in personal financial prospects dropping to historical lows [5] - The trade policy fluctuations have increased market uncertainty, with economists closely monitoring the extent to which higher import tariffs are passed on to consumers [9] - Retailers, including Walmart and Macy's, have indicated that consumers will soon see price increases due to the impact of tariffs [9]