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Macro Briefing: 16 June 2021

Summary:
* Biden meets Putin today in Geneva* Israel bombs Gaza — first airstrike since last month’s ceasefire* No policy changes expected for today’s Fed announcement* Biden ban on new oil and gas leases blocked by federal judge* China’s industrial output, retail sales rose less than expected in May* NY Fed Mfg Index reflects slower growth for second straight month in June* Producer price inflation continued to accelerate in May* US industrial production rebounded in May following weak gain in April* US retail sales fell more than expected in May:

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* Biden meets Putin today in Geneva
* Israel bombs Gaza — first airstrike since last month’s ceasefire
* No policy changes expected for today’s Fed announcement
* Biden ban on new oil and gas leases blocked by federal judge
* China’s industrial output, retail sales rose less than expected in May
* NY Fed Mfg Index reflects slower growth for second straight month in June
* Producer price inflation continued to accelerate in May
* US industrial production rebounded in May following weak gain in April
* US retail sales fell more than expected in May:

Macro Briefing: 16 June 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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