MORNING BID-Testing times Reuters 1 hr ago A look at the day ahead from Sujata Rao The U.S. Fed's resolve to look through robust economic readings will be tested again on Friday with the release of the personal consumption expenditures (PCE) index. Popular Searches Core PCE (excluding food and energy) is the Fed's preferred inflation measure and in the 12 months to March it rose 1.8%. A blowout April print could agitate markets again, especially after Thursday data showing weekly unemployment benefits claims at the lowest since March 2020. It's taken Fed policymakers' repeated assurances to hold 10-year yields around 1.6% and of course big demand for Treasuries -- sales of 7-, 2- and 5-year notes went off with a swing this week. That has tempered the data impact and also offset a New York Times report that President Joe Biden will seek $6 trillion in spending for the 2022 fiscal year.