The volatility continues in a big week of earnings and economic data before next week’s FOMC rate decision. @mreinking breaks down the trading in #NYSEBriefs. pic.twitter.com/dVvx9nwuuY

Two different directions of late for prices paid (blue) and prices received (orange) components in Kansas City Fed Manufacturing Index … former has moved higher while latter has eased (and was flat in April) pic.twitter.com/kd4Kv0auAY

Key to watch is whether trend in personal spending (blue) softens this year and if core inflation (orange) stays sticky … might put Fed in a bind, but also have to factor in labor market trends pic.twitter.com/2GSXIfB0ct

Per below, the whole US yield curve shifted up in reaction to the data (see prior post), including the 2-year which traded above 5% as markets pushed to December the expectation of the first rate cut by the #FederalReserve. (Amazing to think that, just four months ago, #markets… pic.twitter.com/gmZDG1xxGU