EghtesadOnline: Equity markets outside Japan declined after data showed Chinese producer prices rising at the fastest pace since just after the Beijing Olympics, while consumer prices were weaker than expected. Treasury yields and the dollar continued to climb after a strong jobs report in the U.S.

EghtesadOnline: Federal Reserve Chair Janet Yellen doesn’t need to commit. The moment Federal Reserve officials published their projections in December for three rate hikes in 2017, Wall Street’s betting on when those would occur ratcheted higher. January’s U.S. employment report gives the chair plenty of room to defer while policy makers wait for evidence of how new measures from the Trump administration are affecting the economy. That’s the message she’ll probably convey during congressional testimony on Feb. 14-15.