SPX7,580.06+0.22%DJIA51,032+0.72%COMP26,973+0.20%RUT2,919.34-0.59%CL$87.76-1.28%GC$4,569.90+1.57%DX98.94-0.08%VIX15.32-2.67%Fed Funds4.50%HOLD10Y4.287%-0.031CPI Y/Y2.8%-0.1%Core PCE2.7%-0.1%Unemp4.2%0.0NFP+150kMayGDP Q/Q+2.6%Q1Retail+0.4%M/MSPX7,580.06+0.22%DJIA51,032+0.72%COMP26,973+0.20%RUT2,919.34-0.59%CL$87.76-1.28%GC$4,569.90+1.57%DX98.94-0.08%VIX15.32-2.67%Fed Funds4.50%HOLD10Y4.287%-0.031CPI Y/Y2.8%-0.1%Core PCE2.7%-0.1%Unemp4.2%0.0NFP+150kMayGDP Q/Q+2.6%Q1Retail+0.4%M/M

Markets Test Fed’s Resolve as Data Sends Mixed Signals

ByON1010 Research Posted onFebruary 28, 2026 at 9:35 PM EST Reading Time: 3 minutes

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The Opening Bell

Investors are waking up to a puzzle: the economy looks solid, but the market keeps whispering something different. The defensive rotation that’s been building for weeks isn’t letting up — utilities and staples are still outpacing tech and financials by massive margins — even as producer prices flash warning signs and the yield curve steepens. Something’s got to give.

Market Snapshot

Fed Funds Target Range: 3.5%–3.75%

10-Year Treasury: 4.02%

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