Dear Reader,

Here is an overview of today's economic news and market action:

• Cautious tone to start the week on markets …
• Short-dated bond yields rose across the board …
• Currency-wise, the euro was slightly firmer  …
• EUR/USD opens this morning just below $1.07 ..
• EUR/GBP is changing hands in the top half of 88-89p …
• GBP/USD is operating near the midpoint of $1.20-1.21 …
• Fed Chair Powell’s testimony in focus today …

Recent inflation data have been disappointing, especially in regard to core measures. It started in the US, with the latest data for core inflation, which excludes food and energy, posting unexpectedly large monthly increases of 0.6% and 0.4% for January and December, respectively, leaving the annual rate stuck around 4.7%.

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Good Inflation News in Short Supply

Recent inflation data have been disappointing, especially in regard to core measures...

Ireland's manufacturing sector posted in expansion territory in February amid a renewed upturn in new orders and strong growth in workforce numbers.

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