Green light for the Fed, bullish data out of China and the Eurobonds solution

Let me pick through the news stories today with a few thoughts of mine on what's happening in the markets and the economy. And I want to start with inflation.

Inflation Picks Up, but Still Below Fed’s 2% Target - WSJ

The Fed’s preferred inflation gauge, the price index for personal-consumption expenditures, rose a seasonally adjusted 0.1% in February from…

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