Source: US Dept. of Treasury End of Day
• Yields moved lower during the week with the two-year Treasury note falling by 14 basis points to 4.60% while the five-year note fell by 13 basis points to 4.20%.
• The housing market surprised, displaying an uptick in activity with housing starts, building permits, and existing home sales all coming in stronger than expected in February.
• The FOMC left the fed funds rate unchanged as expected and released new economic projections that showed their expectations for growth in 2024 move up from 1.4% to 2.1% while their expectations for core inflation moved modestly higher from 2.4% to 2.6%.
• Notable economic releases for the week include the final reading of Q4 GDP and UM sentiment due out on Thursday followed by PCE inflation and consumption data due out on Friday.
