CNBC Daily Open: A key inflation gauge in focus

This report is from today's CNBC Daily Open, our international markets newsletter. CNBC Daily Open brings investors up to speed on everything they need to know, no matter where they are. Like what you see? You can subscribeits surplus of solar panels and EVs on global markets, distorting market prices. She added Beijing's actions are likely to hurt U.S. green manufacturing firms. Yellen said she will pressure China on these practices during her upcoming trip to the country.

He noted "it is prudent" to hold rates at its current restrictive stance "perhaps for longer than previously thought" to keep inflation down toward the Fed's 2% target level.

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