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Macro Briefing: 13 October 2021

Summary:
* House votes to raise the US borrowing limit through December* IMF cuts US and global economic growth estimates for 2021* Global supply chain bottlenecks could “get worse before they get better”* US will open borders with Canada and Mexico to vaccinated travelers* China’s export growth was surprisingly strong in September* UK economy continued recovering in August* Eurozone industrial output fell in August amid supply constraints, slower growth* US small business sentiment ticked lower in Sep, well below recent peak* US workers quit their jobs at record pace in August:

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* House votes to raise the US borrowing limit through December
* IMF cuts US and global economic growth estimates for 2021
* Global supply chain bottlenecks could “get worse before they get better”
* US will open borders with Canada and Mexico to vaccinated travelers
* China’s export growth was surprisingly strong in September
* UK economy continued recovering in August
* Eurozone industrial output fell in August amid supply constraints, slower growth
* US small business sentiment ticked lower in Sep, well below recent peak
* US workers quit their jobs at record pace in August:

Macro Briefing: 13 October 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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