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U.S. Futures are Slightly Higher After Inflation Data #CPI #FOMC #ECB

U.S. futures are slightly higher after inflation data. Consumer prices rose slightly more than expected in March, rising 0.4% m/m and 1.9% y/y. Ex-food and energy, prices rose slightly less than expected, rising 0.1% m/m and 2.0% y/y. Later today markets will get a look at FOMC meeting minutes from the March meeting. Fed Chairman Jerome Powell will be speaking about the economy later today at the House of Representatives Democratic Caucus annual retreat in Virginia. European shares are trading higher after the ECB left rates unchanged. ECB President Mario Draghi reiterated that rates will likely remain unchanged at least through the end of 2019 and they would continue to reinvest maturing debt for an extended period after rate hikes begin. Asian shares closed mixed after the IMF reduced their outlook for global economic growth in 2019 from 3.5% to 3.3%.

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