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Macro Briefing: 5 May 2021

Summary:
* Rates may need to rise to prevent overheating US economy, says Treasury Sec.* Supply shortages, logistical logjams may force firms to raise prices* Covid deaths in India may double in weeks ahead, forecasters warn* Eurozone growth continued to strengthen in April via PMI survey data* Birthrate in US declined to another record low in 2020* US factory orders rebounded sharply in March* US trade deficit surged to record in March* US gasoline price approaching seven-year high:

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* Rates may need to rise to prevent overheating US economy, says Treasury Sec.
* Supply shortages, logistical logjams may force firms to raise prices
* Covid deaths in India may double in weeks ahead, forecasters warn
* Eurozone growth continued to strengthen in April via PMI survey data
* Birthrate in US declined to another record low in 2020
* US factory orders rebounded sharply in March
* US trade deficit surged to record in March
* US gasoline price approaching seven-year high:

Macro Briefing: 5 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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