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Shares in Japan opened slightly lower, weighing down a gauge of Asian equities despite a small gain for shares in Australia. Many of the regions equity markets including China, South Korea and Taiwan remained closed for the Lunar New Year holiday.
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After several months in which inflation data has largely moved sideways, the U.S. central bank dropped from its latest policy statement language saying that inflation "has made progress" towards the Fed's 2% inflation goal, noting only that the pace of price increases "remains elevated."
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The Resolution Foundation says the risk of the government breaking its own fiscal rules "remains on a knife edge".
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News and Media
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