NMCO - Weekly CEF Commentary | March 3 2024 | PDX Makes The Change
2024-03-08 09:00:00 ET
Summary
- Markets were flat, but upcoming events like the jobs report, PMIs, and ECB meeting are important.
- Core PCE met expectations, but rising "supercore" measure may keep Fed from cutting rates.
- Expectations for Fed rate cuts have significantly decreased in just two months.
- PIMCO Dynamic Income Strategy finally did what we said they would do, shift the distribution to a monthly payout schedule as well as raise the rate significantly.
Macro Picture
Markets were basically flat this week, but we have an important week coming up with the jobs report, PMIs, and the ECB meeting....
Weekly CEF Commentary | March 3, 2024 | PDX Makes The Change