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Macro Briefing: 15 January 2021

Summary:
* Biden outlines .9 trillion Covid-19 relief plan* Today’s US retail sales data for December expected to post decline* Economists expect US growth at 4.3% in 2021 via new survey* Fed’s Powell says no rate hikes on the horizon for now* New wave of Covid-19 outbreak in China threatens economic recovery* UK double-dip recession lurks after GDP fell 2.6% in November* Are renewable energy stocks in a bubble?* Philly Fed’s ADS business cycle index falls sharply, signaling US recession risk* US import prices rose more than expected in December* US jobless claims surged last week to a 5-month high:

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* Biden outlines $1.9 trillion Covid-19 relief plan
* Today’s US retail sales data for December expected to post decline
* Economists expect US growth at 4.3% in 2021 via new survey
* Fed’s Powell says no rate hikes on the horizon for now
* New wave of Covid-19 outbreak in China threatens economic recovery
* UK double-dip recession lurks after GDP fell 2.6% in November
* Are renewable energy stocks in a bubble?
* Philly Fed’s ADS business cycle index falls sharply, signaling US recession risk
* US import prices rose more than expected in December
* US jobless claims surged last week to a 5-month high:

Macro Briefing: 15 January 2021

James Picerno
James Picerno is a financial journalist who has been writing about finance and investment theory for more than twenty years. He writes for trade magazines read by financial professionals and financial advisers. Over the years, he’s written for the Wall Street Journal, Barron’s, Bloomberg Markets, Mutual Funds, Modern Maturity, Investment Advisor, Reuters, and his popular finance blog, The CapitalSpectator.

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