Japan slipped into recession… …and the yen fell to a seven-year low against the dollar Natural gas prices rose after a winter storm buried parts of the US in record amounts of snow One measure of US inflation crept up New jobless claims paused in their march to a 14-year low Housing starts slowed (though single-family starts rose at the fastest pace this year) The iron price fell in a sign of China’s continued economic slowdown… …as a Chinese manufacturing price index gets closer to contraction In response, China’s central bank cut its benchmark interest rate