Personal spending surges

Personal spending surged more than expected in April, according to the Commerce Department. 
Spending rose 1.0% in the last month, above expectations of a 0.7% increase.
Meanwhile, personal income rose 0.4%, in line with economists' expectations.
The Core PCE price index, which excludes volatile food and fas costs, rose 0.2% in April compared to the previous month, in line with expectations.
This report showed that US consumer spending was off to a pretty solid start in the second quar