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Macro Briefing: 7 October 2021

Summary:
* Democrats expected to accept GOP offer to push debt deadline to December* CDC director says US at risk of severe flu season this year* Biden and Xi agree on holding a US-China virtual summit* Fed Chair Powell’s renomination at risk amid new political risks* Natural-gas prices pull back as Russia agrees to boost supplies to Europe* Analysts warn that Europe becoming hostage to Russia over energy supplies* World’s first malaria vaccine approved for use in Africa* GM predicts its transition to all-electric vehicle lineup will boost sales* US companies added workers at fastest pace in three months in September:

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* Democrats expected to accept GOP offer to push debt deadline to December
* CDC director says US at risk of severe flu season this year
* Biden and Xi agree on holding a US-China virtual summit
* Fed Chair Powell’s renomination at risk amid new political risks
* Natural-gas prices pull back as Russia agrees to boost supplies to Europe
* Analysts warn that Europe becoming hostage to Russia over energy supplies
* World’s first malaria vaccine approved for use in Africa
* GM predicts its transition to all-electric vehicle lineup will boost sales
* US companies added workers at fastest pace in three months in September:

Macro Briefing: 7 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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