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Weekly Business News [April 13 Edition]

The US annual inflation rate increased to 3.5% in March, up from 3.2% in February, signaling continued economic heat. American employers added 303,000 jobs in March, marking the highest monthly gain since last May. This suggests a strong economy. In response, stock markets fell and the yields on government bonds increased.

The European Central Bank decided to hold its interest rate, specifically keeping the deposit facility rate at 4%. However, the ECB indicated that it plans to increase interest rates at its next meeting in June. Following the announcement, many investors now believe that the ECB will cut rates before the Federal Reserve does.