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Decision comes after activist investor Elliott took a $5bn stake and pushed for break-up

PCE figures for January are in line with economists’ expectations

Also in this newsletter: UK growth revised upwards, France readies for election, science round-up

Data may bolster Fed’s resolve to hold interest rates steady throughout the spring

Consumer price index forecast to have dipped to 3.1% while core measure predicted to remain flat

Figures support case for Federal Reserve to cut interest rate next year

Data sets stage for Federal Reserve to cut interest rates at its meeting next week

Figure comes as Federal Reserve considers cutting interest rates in September

Treasury yields drop and traders increase bets on two interest rate cuts this year after bigger-than-expected fall

Traders now give 81% likelihood of Fed interest rate cut before presidential election