February's US Personal Consumption Expenditures (PCE) inflation data aligns closely with expectations, potentially maintaining the status quo regarding the Federal Reserve's contemplation of an interest-rate cut in June (there won't be any). The 12-month core reading stands firm at 2.8%, echoing market forecasts. With bond markets eagerly awaiting the reopening of trading next week, the confirmation of core PCE figures in line with expectations serves as a welcome respite following recent Consumer Price Index (CPI) letdowns. Disclaimer: Yes, the data is BS! But it's the actual framework the fiat clowns are dealing with. And that's what we do, too.