---
title: Bonds rally as the Fed’s preferred inflation metric cam out not as bad as feared.
description: "PCE deflator rose to 2.7% in March from 2.5% in Feb vs 2.6% expected. Core PCE, the Fed's preferred measure of underlying price pressures, remained at 2.8%, compared with an anticipated fall to 2.7%. First full rate cut is now priced for November. Note that we now have CPI, PPI and PCE inflation RISING for 2 straight months.\nSource: HolgerZ, Bloomberg"
---

[Syz The Moment](https://blog.syzgroup.com/syz-the-moment)

# [Bonds rally as the Fed’s preferred inflation metric cam out not as bad as feared.](https://blog.syzgroup.com/syz-the-moment/bonds-rally-as-the-feds-preferred-inflation-metric-cam-out-not-as-bad-as-feared)

 Written by [Charles-Henry Monchau, CFA, CMT, CAIA](https://blog.syzgroup.com/syz-the-moment/author/charles-henry-monchau) | Apr 26, 2024, 2:09:20 PM

[View full post](https://blog.syzgroup.com/syz-the-moment/bonds-rally-as-the-feds-preferred-inflation-metric-cam-out-not-as-bad-as-feared)

```json
{
  "@context" : "http://schema.org",
  "@type" : "BlogPosting",
  "author" : {
    "@type" : "Person",
    "name" : "Charles-Henry Monchau, CFA, CMT, CAIA"
  },
  "dateModified" : "2024-04-26T14:09:20.230Z",
  "datePublished" : "2024-04-26T14:09:20Z",
  "headline" : "Bonds rally as the Fed’s preferred inflation metric cam out not as bad as feared.",
  "image" : {
    "@type" : "ImageObject",
    "height" : 429,
    "url" : "https://25733253.fs1.hubspotusercontent-eu1.net/hubfs/25733253/19-Apr-26-2024-02-08-28-8908-PM.jpg",
    "width" : 800
  },
  "mainEntityOfPage" : "https://blog.syzgroup.com/syz-the-moment/bonds-rally-as-the-feds-preferred-inflation-metric-cam-out-not-as-bad-as-feared",
  "publisher" : {
    "@type" : "Organization",
    "logo" : {
      "@type" : "ImageObject",
      "height" : 60,
      "url" : "/hs/hsstatic/content_shared_assets/static-1.4092/img/default-amp-logo.png",
      "width" : 60
    },
    "name" : "Syz The Moment"
  }
}
```