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Uneventful Drift Ahead of Friday's Monthly PCE Data
Uneventful Drift Ahead of Friday's Monthly PCE Data
For the 3rd day in a row, the bond market logged a rather uneventful trading session ending with minimal change versus the previous trading day. All this despite the presence of several economic reports and Treasury auctions. If there was any reaction to this morning's data, it was slightly bond-friendly, but not enough to say it was anything other than random. The 7yr auction was a non-event, and stocks failed to offer any of the recent sort of spillover that has frequently made its way into the bond market. From here, the week's last big chance/risk of volatility is Friday morning's monthly PCE data.
Uneventful Drift Ahead of Friday's Monthly PCE Data
| Time | Event | Period | Actual | Forecast | Prior |
|---|---|---|---|---|---|
| Friday, Mar 28 | |||||
| 8:30AM | Feb Core PCE (m/m) (%) | Feb | 0.4% | 0.3% | 0.3% |
| 8:30AM | Feb Core PCE Inflation (y/y) (%) | Feb | 2.8% | 2.7% | 2.6% |
| 8:30AM | Feb Inflation-Adjusted Spending (Consumption) (%) | Feb | 0.4% | 0.5% | -0.2% |
| 8:30AM | Feb PCE (y/y) (%) | Feb | 2.5% | 2.5% | 2.5% |
| 10:00AM | Mar U Mich conditions | Mar | 63.8 | 63.5 | 65.7 |
| 10:00AM | Mar Sentiment: 1y Inflation (%) | Mar | 5% | 4.9% | 4.3% |
| 10:00AM | Mar Sentiment: 5y Inflation (%) | Mar | 4.1% | 3.9% | 3.5% |
| 10:00AM | Mar Consumer Sentiment (ip) | Mar | 57.0 | 57.9 | 64.7 |
| 12:15PM | Fed Barr Speech | ||||
| 3:30PM | Fed Bostic Speech | ||||
| Monday, Mar 31 | |||||
| 9:45AM | Mar Chicago PMI | Mar | 47.6 | 45.2 | 45.5 |
| 12:00PM | 2025 Prospective Plantings - Corn | 2025 | 95.326M | 94.35M | 90.036M |
| 12:00PM | 2025 Prospective Plantings - Soy | 2025 | 83.495M | 83.82M | 86.51M |
| 12:00PM | 2025 Prospective Plantings - Wheat | 2025 | 45.35M | 46.50M | 47.498M |
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