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Macro Briefing: 10 May 2021

Summary:
* Major US fuel pipeline closed for third day after cybersecurity attack* Consumers feeling pinch of higher prices for goods and services* Weak jobs report creates challenges for Biden’s policy agenda* GOP set for week of fierce leadership battles in House* Cryptocurrency industry hires lobbyists as regulations loom* US dollar’s share of world’s foreign reserves fell for fifth straight year in 2020* US payrolls post sharply weaker-than-expected gain for April* US dollar dropped to lowest level in more than two months on Friday:

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* Major US fuel pipeline closed for third day after cybersecurity attack
* Consumers feeling pinch of higher prices for goods and services
* Weak jobs report creates challenges for Biden’s policy agenda
* GOP set for week of fierce leadership battles in House
* Cryptocurrency industry hires lobbyists as regulations loom
* US dollar’s share of world’s foreign reserves fell for fifth straight year in 2020
* US payrolls post sharply weaker-than-expected gain for April
* US dollar dropped to lowest level in more than two months on Friday:

Macro Briefing: 10 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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