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Macro Briefing: 7 June 2021

Summary:
* US Senate set to pass huge industrial policy legislation* Cracks in Democratic Senate unity imperil party’s policy agenda* Will Congress approve the G-7’s agreement on a global minimum tax?* Treasury Sec. Yellen says higher rates would help US* China’s imports rose at fastest pace in 10 years in May* US oil prices reach a barrel for first time in three years* Will we need Covid-19 booster shots? Scientists are studying the question* US employment growth picked up in May but fell well short of expectations* Real US Treasury yields via TIPS remain deeply negative:

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* US Senate set to pass huge industrial policy legislation
* Cracks in Democratic Senate unity imperil party’s policy agenda
* Will Congress approve the G-7’s agreement on a global minimum tax?
* Treasury Sec. Yellen says higher rates would help US
* China’s imports rose at fastest pace in 10 years in May
* US oil prices reach $70 a barrel for first time in three years
* Will we need Covid-19 booster shots? Scientists are studying the question
* US employment growth picked up in May but fell well short of expectations
* Real US Treasury yields via TIPS remain deeply negative:

Macro Briefing: 7 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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