• Core PCE (m/m) (Jul)
    • 0.3% vs 0.3% f'cast, 0.3% prev
  • Core PCE Inflation (y/y) (Jul)
    • 2.9% vs 2.9% f'cast, 2.8% prev
  • Inflation-Adjusted Spending (Consumption) (Jul)
    • 0.5% vs 0.5% f'cast, 0.3% prev
  • Personal Income (Jul)
    • 0.4% vs 0.4% f'cast, 0.3% prev
  • Wholesale inventories mm (Jul)
    • 0.2% vs 0.2% f'cast, 0.1% prev

Bonds were slightly weaker to start the day, but haven't moved much in the wake of the as-expected PCE numbers. Any detectable movement has been microscopically stronger, if anything.  MBS are down 2 ticks (.06) and 10yr yields are up 1.4bps at 4.22.