Bonds & Stocks
A jump in oil prices dragged down stocks as optimism over the US-Iran truce faded, with both sides accusing each other of violating the deal announced after almost six weeks of fighting. The S&P 500 fell 0.2%. The yield on 10-year Treasuries was little changed at 4.30%.
Economy
Core PCE rose 0.4% m/m in February, in line with expectations, data from the Bureau of Economic Analysis show. Personal spending rose 0.5%; est. +0.6% m/m. Personal income fell 0.1%; est. +0.3%
World
Israel launched its largest assault on Lebanon since invading the country last month, escalating the campaign against Iran-aligned Hezbollah in an operation that killed at least 200 people. The Israeli military said it targeted more than 100 Hezbollah command centers and military sites within 10 minutes on Wednesday.