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Macro Briefing: 13 May 2021

Summary:
* Deadly conflict continues between Israel and Palestinian militants in Gaza* Colonial Pipeline restarts operations after ransomware attack closed system* GOP Senate Leader: ‘good chance’ of deal with Biden on infrastructure* US budget deficit jumps to record .9 trillion in first seven months of fiscal year* Tesla CEO Elon Musk: car maker stops accepting bitcoin for car purchases* Atlanta Fed business inflation expectations continue to rise in May* How long does ‘transitory’ inflation last?* US consumer inflation surged in April — 4.2% annual rate is highest since 2008:

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* Deadly conflict continues between Israel and Palestinian militants in Gaza
* Colonial Pipeline restarts operations after ransomware attack closed system
* GOP Senate Leader: ‘good chance’ of deal with Biden on infrastructure
* US budget deficit jumps to record $1.9 trillion in first seven months of fiscal year
* Tesla CEO Elon Musk: car maker stops accepting bitcoin for car purchases
* Atlanta Fed business inflation expectations continue to rise in May
* How long does ‘transitory’ inflation last?
* US consumer inflation surged in April — 4.2% annual rate is highest since 2008:

Macro Briefing: 13 May 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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