US prices jump, but not as hot as feared

Headlines * US March CPI leapt to 2.6% versus 2.5% expected y/y * US calls for halt on J&J virus vaccine after clotting concerns * UK GDP reveals slow growth out of lockdown in February US equity futures are mixed …

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Risk mood eases

Headlines * Fed Chair Powell says the US economy is at an inflection point * Biden’s infrastructure plan tops priorities as Congress returns to work * Eurozone retail sales rose 3.0% m/m beating estimates US equity futures are edging lower …

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