<ul><li>Prior was +3.5%</li><li>PCE core m/m +0.1% vs +0.2% expected (unrounded at 0.09%)</li><li>Prior m/m core +0.2%</li><li>Headline PCE 2.6% vs +2.8
Sovereign debt has been well-bid in the wake of the Fed’s message not to expect interest rates to fall much in 2024. Many other central banks have chimed in with hawkish messages today. Ten-year
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