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Macro Briefing: 17 June 2021

Summary:
* Biden tells Putin US may respond in kind to future cyberattacks* Fed policymakers signal sooner-than-expected rate hikes in 2023* Treasury Sec. Yellen expects US to decouple in some areas from China* Infrastructure spending plan has firmer bipartisan support in Senate* Real yield for US junk bonds falls below zero for first time on record* Parts of the US are likely the hottest spots on earth* US import prices continued to accelerate in May* US housing starts rose less than expected in May as building permits fell:

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* Biden tells Putin US may respond in kind to future cyberattacks
* Fed policymakers signal sooner-than-expected rate hikes in 2023
* Treasury Sec. Yellen expects US to decouple in some areas from China
* Infrastructure spending plan has firmer bipartisan support in Senate
* Real yield for US junk bonds falls below zero for first time on record
* Parts of the US are likely the hottest spots on earth
* US import prices continued to accelerate in May
* US housing starts rose less than expected in May as building permits fell:

Macro Briefing: 17 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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