Thomson Reuters
Thanksgiving Day holiday shopper carries a discounted television to the checkout at the Target retail store in Chicago
Economists had forecast that personal income rose 0.3% during the month, while personal spending increased 0.4%, according to Bloomberg.
Core personal consumption expenditures - which exclude food and energy costs - rose 0.2% month-on-month, and 1.6% year-on-year.
The core PCE deflator rose 0.9% year-on-year; it was forecast to have gained 1%.