Fundamental: US Core PCE deflator softer than expected, helps drive yields lower USD lifts on month-end flows

A softer than expected US Core PCE Deflator (0.3% m/m vs. 0.4% expected) helped push yields lower on Friday (US 10yr -8.1bps to 3.47%). Notwithstanding that, markets still price around a 58% chance of the Fed hiking rates again in May which is still being guided by Fed officials, before seeing 61bps worth of cuts in H2 2023. Risk sentiment was positive, ...     Alert Apr 3, 2023, 6:20am Fundamental: US Core PCE deflator softer than expected, helps drive yields lower USD lifts on month-end flows A softer than expected US Core PCE Deflator (0.3% m/m vs. 0.4% expected) helped push yields lower on Friday (US 10yr -8.1bps to 3.47%). Notwithstanding that, markets still price around a 58% chance of the Fed hiking rates again in May which is still being guided by Fed officials, before seeing 61bps worth of cuts in H2 2023. Risk sentiment was positive, ... View Story Edit This Alert     You've opted-in to receive Alerts from Forex Factory. • Unsubscribe from this content • Enable Do-Not-Disturb to pause all Alerts • Contact FF for Alert support