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Strategies & Market Trends : The Epic American Credit and Bond Bubble Laboratory

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To: NOW who wrote (10819)	3/26/2004 9:14:21 AM
From: russwinter	Read Replies (2) of 110194

Rear view mirror, slow motion inflation data being "adjusted" up. This is a scam that signals these morons know what's up, but are trying to cover it up with partial truth smoke and mirrors. And some Fed "hawks" mention "potential" inflation threat: biz.yahoo.com Reuters Treasuries Soft on Spending, Price Data Friday March 26, 9:01 am ET NEW YORK (Reuters) - Treasuries prices were lower on Friday after seemingly soft U.S. consumer spending data were overshadowed by upward revisions to a key U.S. inflation indicator. Personal spending rose 0.2 percent in February when analysts had looked for a 0.4 percent gain while real spending, adjusting for inflation, was flat. Personal income rose 0.4 percent, a little more than forecast, but disposable income rose a lower than expected 0.2 percent. However, that softness was balanced by upward revisions to the core price index for personal consumption expenditures. Annual growth in the core PCE rose to 1.1 percent in February having been raised to 1.0 percent in January from the original 0.8 percent. This is the Federal Reserve's preferred measure of inflation and the rise above 1.0 percent could prompt the central bank to shift its balance of risks on inflation when it next meets in May. The benchmark 10-year Treasury note (US10YT=RR) was 5/32 easier in price, taking its yield to 3.76 percent from 3.74 percent on Thursday. Yields on two-year notes (US2YT=RR) edged up to 1.52 percent from 1.51 percent

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