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Macro Briefing: 21 October 2021

Summary:
* Senate Democrats consider abandoning planned tax-rate hikes* European Union set to rebuke Poland for challenging primacy of EU laws* UK’s energy crisis could force 20 power suppliers into bankruptcy* China Evergrande’s shares plunge after asset-purchase deal falls apart* Fed’s Beige Book: slower growth amid higher inflation in early autumn* Bitcoin futures ETF reaches billion in assets after record-breaking debut* Inflation worries are driving investment flows into bitcoin, says JP Morgan* Six reasons why Americans are reluctant to return to work* US stock market (S&P 500) closed just below a record high on Wednesday:

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* Senate Democrats consider abandoning planned tax-rate hikes
* European Union set to rebuke Poland for challenging primacy of EU laws
* UK’s energy crisis could force 20 power suppliers into bankruptcy
* China Evergrande’s shares plunge after asset-purchase deal falls apart
* Fed’s Beige Book: slower growth amid higher inflation in early autumn
* Bitcoin futures ETF reaches $1 billion in assets after record-breaking debut
* Inflation worries are driving investment flows into bitcoin, says JP Morgan
* Six reasons why Americans are reluctant to return to work
* US stock market (S&P 500) closed just below a record high on Wednesday:

Macro Briefing: 21 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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