From monitoring Iran developments,
to key economic reports, it was a huge news week for the financial markets, and in end the market response was mostly positive. The jobs reports showed gains, 29,000 jobs, though gains that were lighter than expected (especially after negative revisions that resulted in a net negative number overall for the month). The PCE, or Personal Consumption Expenditures, Index - Federal Reserve Chairman Kevin Warsh's preferred metric, showed inflation still a point higher, at 3%, than the Federal Reserve's target level, though much lighter than had been expected.