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Macro Briefing: 23 September 2021

Summary:
* FDA authorizes Pfizer booster shots for older and higher-risk Americans* Pace of new US Covid-19 cases expected to rise in weeks ahead, experts predict* Federal Reserve expects ‘transitory’ inflation to persist* Fed chief says taper may start ‘soon,’ perhaps as early as November* US economy continued to strengthen, but at a slower rate, Fed says* Eurozone growth eases to 5-month low in September via PMI survey data* UK economic output rises at softest pace in 7 months via PMI survey data* Chip shortage will take a heavy bite out of auto company revenues in 2021* US existing home sales fell more than expected in August:

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* FDA authorizes Pfizer booster shots for older and higher-risk Americans
* Pace of new US Covid-19 cases expected to rise in weeks ahead, experts predict
* Federal Reserve expects ‘transitory’ inflation to persist
* Fed chief says taper may start ‘soon,’ perhaps as early as November
* US economy continued to strengthen, but at a slower rate, Fed says
* Eurozone growth eases to 5-month low in September via PMI survey data
* UK economic output rises at softest pace in 7 months via PMI survey data
* Chip shortage will take a heavy bite out of auto company revenues in 2021
* US existing home sales fell more than expected in August:

Macro Briefing: 23 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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