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Macro Briefing: 4 June 2021

Summary:
* Biden signals willingness to negotiate with GOP on infrastructure package* NY Fed president says it’s too early to reduce stimulus* Is the US economy at risk of overheating?* Global growth continued to accelerate in May via PMI survey data* US economic growth strengthened in May via Composite PMI data* US jobless claims fell below 400k for first time during pandemic* US ISM Services PMI continues to indicate strong sector growth in May* US private employment growth accelerated in May to 7-month high:

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* Biden signals willingness to negotiate with GOP on infrastructure package
* NY Fed president says it’s too early to reduce stimulus
* Is the US economy at risk of overheating?
* Global growth continued to accelerate in May via PMI survey data
* US economic growth strengthened in May via Composite PMI data
* US jobless claims fell below 400k for first time during pandemic
* US ISM Services PMI continues to indicate strong sector growth in May
* US private employment growth accelerated in May to 7-month high:

Macro Briefing: 4 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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