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The Mysterious Twitter User Drawing a Swarm of Japan Traders

On a day when billions in profits and losses would be determined by split-second trades, the salaried professionals of Japan’s financial markets were glued to their news terminals. Another group was staring at the feed of an anonymous Twitter account. It was shortly after noon on Jan. 29, 2016, and people with money at stake were waiting for the Bank of Japan to announce its monetary policy. While the decision’s date is set in advance, nobody knows its timing. “It’s a negative interest rate bazooka!” gushed in reply. “The profits I…

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Yellen Calls Inflation the ‘Biggest Surprise’ in the Economy

Federal Reserve Chair Janet Yellen said that the U.S. central bank expects to continue to raise interest rates gradually as solid growth, a strong labor market and a healthy global economy lift prices even as she recognized that inflation has been surprisingly low.  “My best guess is that these soft readings will not persist, and with the ongoing strengthening of labor markets, I expect inflation to move higher next year,” Yellen said Sunday at the Group of Thirty’s Annual International Banking Seminar in Washington. Yellen’s term expires in February and…

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