Read the highlights of this week’s commentary from Helios:

  • The furor over banking appears to be receding (for now at least), with the amount banks are borrowing from the Fed’s Discount Window and Bank Term Funding Program falling in the last week of March, down to $153B from $164B the week prior.
  • Personal Consumption Expenditures (PCE) showed inflation slowed to 0.3% in February, down from 0.6% in January, providing a bit of hope that inflation may be slowing faster than other recent data has suggested.
  • In February, personal income and spending grew by 0.3% and 0.2%, respectively. However, both slowed compared to January, when income rose 0.6%, and spending rose 1.8%.

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