Bonds & Stocks
Stocks are down a little and bonds rates are down a little also after data that showed a pick-up in inflation and weaker-than-estimated spending, underscoring the Federal Reserve’s challenges in navigating the current economic environment.
Economy
Consumer spending was weaker than expected again in Feb. while a key inflation metric picked up. Inflation-adjusted consumer spending edged up 0.1% after falling in January by the most in nearly four years, which economists blamed on bad weather.
World
The European Union is identifying concessions it’s willing to make to Donald Trump’s administration to secure the partial removal of the US tariffs that have already started hitting the bloc’s exports and that are set to increase after April 2.