Economic Reports March 28 | 30F 6.000%

Personal Consumption YOY | Reported 2.0% | Est 2.0% | Prior 2.2% | ELEVATED

Personal Income | Reported 0.5% | Est 0.3% | Prior 0.3% | MODEST

Personal Spending | Reported 0.1%  | Est 0.2% | Prior 0.4% | MODEST

Personal Consumption FEB | Reported 0.1%  | Est 0.3% | Prior 0.2% | ELEVATED

Consumer Sentiment | Reported 69.5  | Est 71.0 | Prior 70.5 | MODEST

Inflation seams to be within the Fed’s 1-2% range based on YOY PCE.  With inflation in check the Fed should have a green light to lower the Feds Cut Rate.  The bond market is currently only up +22bp this morning.  There is a full day of trading a head, so pending on how the stock market reacts to these reports, we may see a little better long term rates this afternoon.