- (Reuters) "I think the most important thing for the Fed to do is not just use moral suasion, but a baseball bat with respect to the banking system," Paul McCulley, managing director at bond fund manager PIMCO, told a conference in response to a question from Fed Vice Chairman Donald Kohn.
- Japan's consumer sentiment index improved from 36.1 to 36.7 in March.
- The USDA said as of April 1st, there were 11.684 million head of cattle on feed, up 0.3% YoY.
- The Chocolate Manufacturers Association said the U.S. cocoa grind totaled 91,876 tons in the first quarter, down 5.6% YoY.
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