US Personal Income Dips in April; Q1 GDP Growth Confirmed at 1.6%

The U.S. Bureau of Economic Analysis reported a slight decrease in personal income for April, while personal consumption expenditures increased. Simultaneously, the second estimate for the first quarter of 2026 Gross Domestic Product showed an annual growth rate of 1.6%. These statistics provide key insights into consumer spending and the overall direction of the U.S. economy, impacting market sentiment and future policy decisions.