The Commerce Department will release its monthly report on personal income and spending at 8:30 a.m. ET.
Economists forecast that both increased by 0.4%, accelerating from March, according to Bloomberg.
The report will also include personal consumption expenditures, a gauge of household spending that the Federal Reserve prefers to use to track price changes, or inflation.
Excluding the volatile costs of food and energy, the core PCE deflator is estimated at 1.7%, still below the Fed’s 2% target.
Wells Fargo wrote in a preview:
The softness of real consumer spending was the main contributor to the slow pace of overall economic growth read more >>>