International Markets Update

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Federal Reserve Chair Janet Yellen noted that global economic and financial uncertainty poses risks to the US economy and justifies a slower path of i.....

Summary

Federal Reserve Chair Janet Yellen noted that global economic and financial uncertainty poses risks to the US economy and justifies a slower path of interest-rate increases, suggesting little appetite to raise rates when officials meet in April.

Underlying US inflation increased more than expected in February as rents and medical costs maintained their upward trend.

The fall in Eurozone inflation slowed in March while core figures, which strip out volatile food and energy prices, accelerated, a mildly positive news for the ECB as it struggles to revive anemic price growth.

Japan’s economy did better than originally thought in the final three months of 2015, with a final assessment of GDP for the quarter trumping expectations.

The impact of a stronger yen continued to take its toll on Japanese trade in February, as imports and exports shrank, but at a reduced pace from the previous month.

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International Markets Update

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