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On the SPOT™ blog (04/01/2024) [M..]

Commerce Department released PCE reading for February on last Friday that showed that headline number rose less than estimated compared to previous month and was inline with estimates compared to previous year's same month. Core PCE (excluding food and energy) seemed inline with estimates compared to previous month and year. Federal Reserve Chairman also reiterated his view on Friday. March ISM manufacturing index ticked up more than estimated. Treasury yields rose. All three major US indices are in the red this morning (PST).

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