The weak payrolls I thought we might get the last two months occurred this month instead.  Here are my takeaways from the past week: Core PCE upticked yoy. A “tenth” seems like a lot, but it was from 1.33% yoy to 1.37% yoy.  So while we were higher, it was a relatively small increase, and overall, we are still very low.  With the continued headwinds to the economy and inflation, it’s not clear if we will continue to move up. Lockhart still saw a June-Sept liftoff despite the weaker data (pre-payrolls). I usually don’t care about the Bank Presidents, but…

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