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Macro Briefing: 19 July 2021

Summary:
* Economists expect US economy will slow as stimulus spending fades* Oil eases after Opec+ agrees to lift production* Zoom buys Five9 for billion to boost appeal with business clients* US retail spending was surprisingly strong in June* Inflation worries weigh on US consumer sentiment in early July* 10yr-2yr Treasury yield curve narrowed to five-month low on Friday:

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* Economists expect US economy will slow as stimulus spending fades
* Oil eases after Opec+ agrees to lift production
* Zoom buys Five9 for $15 billion to boost appeal with business clients
* US retail spending was surprisingly strong in June
* Inflation worries weigh on US consumer sentiment in early July
* 10yr-2yr Treasury yield curve narrowed to five-month low on Friday:

Macro Briefing: 19 July 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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