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Macro Briefing: 17 September 2021

Summary:
* FDA will review evidence for recommending Covid-19 booster shot* Economists expect Fed will announce bond taper in November, survey finds* IMF chief criticized for favoring China as head of World Bank* China seeks to join trans-Pacific trade pact that US rejected* Will Putin’s authoritarianism strengthen after Russia’s elections?* Population of migrants surge temporary camp in Del Rio, Texas* Invesco in talks to merge with State Street’s asset-management division* Jobless claims in US picked up last week but remain near pandemic low* Philly Fed Mfg Index: strong acceleration in business activity in September* US retail sales rose in August, beating estimates for decrease by wide margin:

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* FDA will review evidence for recommending Covid-19 booster shot
* Economists expect Fed will announce bond taper in November, survey finds
* IMF chief criticized for favoring China as head of World Bank
* China seeks to join trans-Pacific trade pact that US rejected
* Will Putin’s authoritarianism strengthen after Russia’s elections?
* Population of migrants surge temporary camp in Del Rio, Texas
* Invesco in talks to merge with State Street’s asset-management division
* Jobless claims in US picked up last week but remain near pandemic low
* Philly Fed Mfg Index: strong acceleration in business activity in September
* US retail sales rose in August, beating estimates for decrease by wide margin:

Macro Briefing: 17 September 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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