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Macro Briefing: 26 February 2021

Summary:
* Biden ordered missile strike on Iran-backed militia groups in Syria* Proposal for federal minimum wage proposal hits roadblock in Senate ruling* Today’s consumer spending report for January expected to show solid growth* 10-year Treasury yield briefly topped 1.6% on Thursday–highest in over a year* Inflation will remain contained, predicts Pimco’s chief investment officer* US GDP growth revised up slightly to 4.1% for Q4* Durable goods orders for US rose sharply in January — +3.4%* US economic growth revised up via Philly Fed’s ADS Index* US jobless claims fell sharply last week but remain unusually high:

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* Biden ordered missile strike on Iran-backed militia groups in Syria
* Proposal for federal minimum wage proposal hits roadblock in Senate ruling
* Today’s consumer spending report for January expected to show solid growth
* 10-year Treasury yield briefly topped 1.6% on Thursday–highest in over a year
* Inflation will remain contained, predicts Pimco’s chief investment officer
* US GDP growth revised up slightly to 4.1% for Q4
* Durable goods orders for US rose sharply in January — +3.4%
* US economic growth revised up via Philly Fed’s ADS Index
* US jobless claims fell sharply last week but remain unusually high:

Macro Briefing: 26 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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