00:00 Speaker A
Time now for to watch Friday, March 28th. Going to start off on the economy. We’ll be getting the Fed’s preferred inflation gauge in the morning. That’s personal consumption expenditures or PCE. Cons expecting that both total and core PCE for February will hold steady at 0.3% on a month-over-month basis. This is coming after the Fed held interest rates steady last week at March’s FOMC meeting.
00:28 Speaker B
And speaking of the Fed, another round of Fed commentary coming in the afternoon from Fed Governor Michael Barr and Atlanta Fed President Rafael Bostic. This is coming after comments yesterday from St. Louis Fed President Alberto Mussalem. He said that the inflation impact from tariffs may not be temporary, and he cautioned that secondary effects could prompt officials to hold interest rates steady.
00:54 Speaker A
And finally, we’re going to be getting another update on the consumer in the morning with the final consumer sentiment reading for March. Cons forecasting a sentiment to remain in line with the prior reading at 57.9. This is coming after some weaker than expected soft data earlier this week in consumer confidence, all giving us more insight into the health of the consumer.