The US PCE data came in as expected across all monthly and yearly measures and headline and core as well. The surprise was in the continuing claims which search to 1.927M. That was the highest since November 2021.The market reaction is somewhat modest. Stocks remain higher with the Dow futures employing a gain of 250 points. The NASDAQ futures are employing a gain of 55 points while the S&P is holding onto a gain of 15.2 points.US yields are up modestly. The two-year is up at 4.659% up 1.2 basis points. The 10 year yield is at 4.295% up 2.4 basis points. At the start of the US session, the 2 year yield was at 4.634%. While the 10 year was at 4.287%.The USD moved lower initially, but has sin
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