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Macro Briefing: 24 February 2021

Summary:
* Biden: US and Canada to work toward zero emissions by 2050* Fed Chairman Powell: recovering lost jobs will take years* Fed’s easy money policy will continue until economy recovers, says Powell* Value investing’s old rules are history, say academics* Exports and construction boost German GDP in fourth quarter* Mid-Atlantic manufacturing activity continues to expand in February* US Consumer Confidence Index continues to rise in February* US home prices increased 10.4% in Dec vs. year ago–fastest pace in 7 years:

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* Biden: US and Canada to work toward zero emissions by 2050
* Fed Chairman Powell: recovering lost jobs will take years
* Fed’s easy money policy will continue until economy recovers, says Powell
* Value investing’s old rules are history, say academics
* Exports and construction boost German GDP in fourth quarter
* Mid-Atlantic manufacturing activity continues to expand in February
* US Consumer Confidence Index continues to rise in February
* US home prices increased 10.4% in Dec vs. year ago–fastest pace in 7 years:

Macro Briefing: 24 February 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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