• Core PCE M/M
    • 0.179 vs 0.1 f'cast
  • Core PCE Y/Y
    • 2.7 vs 2.6 f'cast, 2.6 prev
  • Inflation adjusted spending
    • -0.1 vs 0.1 f'cast, 0.2 prev

Despite the slightly higher than expected result, bonds have rallied a bit after the data, including Fed Funds Futures.  MBS were down almost an eighth and are now down only 2 ticks (.06).  10yr yields were up 4bps and are now up only 2bps at 4.255.