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3 Numbers: Will US Treasury's inflation forecast continue to slide?
Fresh numbers on industrial activity are the main event for today’s macro updates, including the December reports for France and the UK. Meanwhile, US Federal Reserve Chair Janet Yellen is scheduled to speak to Congress today at a time when the Treasury market’s inflation forecast via 10-year maturities has tumbled to seven-year lows. France: Industrial Production (0745 GMT) Industrial output in Europe’s biggest economy fell sharply in December, delivering a hefty downside surprise. Will France follow Germany’s lead in today’s update on industrial activity for the Eurozone’s number-two economy? Perhaps ... (full story)