- Chicago Federal Reserve President Michael Moskow on Monday said that core inflation is currently contained, but is at the high-end of his "comfort zone," and at the top of his list of worries about the economy.
- Continued growth in the U.S. current account deficit cannot be sustained, Federal Reserve Bank of Atlanta President Jack Guynn said on Monday, adding that economic forces should help correct the imbalance over time.
- Americans personal income increased at a seasonally adjusted monthly rate of 0.8%, after rising 0.3% in February, the Commerce Department said Monday. Spending climbed by 0.6%, more than expected, after a 0.2% increase the month before.
- The core rate of personal consumption expenditures was up 0.3% in March and up 2.0% YoY, slightly more than expected. The measure is said to be a key inflation indicator for the Federal Reserve.
- Construction spending jumped 0.9% in March, the Commerce Department reported Monday.
- The Florida Citrus Processors said there were 88.7 million gallons of frozen orange juice concentrate in inventory in April, down 40% YoY.
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