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Macro Briefing: 8 April 2021

Summary:
* Biden open to negotiating details on corporate tax hike* Highly infectious variant of the coronavirus now dominant in US, says CDC* Fed minutes: policymakers say low rates will stay in place* Global economic rebound accelerated in March via Global Composite PMI* Global rise in food prices remains persistent* Rising dollar in first quarter confounds bearish expectations* CFO economic optimism rose above pre-pandemic level in late-March* US consumer borrowing surged in February–biggest gain since late-2017:

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* Biden open to negotiating details on corporate tax hike
* Highly infectious variant of the coronavirus now dominant in US, says CDC
* Fed minutes: policymakers say low rates will stay in place
* Global economic rebound accelerated in March via Global Composite PMI
* Global rise in food prices remains persistent
* Rising dollar in first quarter confounds bearish expectations
* CFO economic optimism rose above pre-pandemic level in late-March
* US consumer borrowing surged in February–biggest gain since late-2017:

Macro Briefing: 8 April 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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