Weekly Commentary | March 3, 2024 | PDX Makes The Change

Summary

• Markets were flat this week, but upcoming events such as the jobs report, PMIs, and the ECB meeting are expected to be important.

• The Core PCE came in as expected, with inflation hawks noting a rise in the "supercore" measure, potentially keeping the Fed from cutting rates.

• Expectations for Fed rate cuts have shifted drastically in the past two mon…