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Macro Briefing: 19 November 2021

Summary:
* Dems delay wide-ranging spending bill after GOP leader stalls vote* Pressure among Democrats builds for Biden to combat inflation* Japan approves new stimulus spending bill to boost economy* Austria announces new national lockdown as coronavirus crisis deepens* German producer prices in October rose at fastest rate in nearly 60 years* CVS will close 900 stores to respond to changing “consumer buying patterns”* US Leading Economic Index rose sharply in October, point to strong growth* Philly Fed’s manufacturing index reports accelerating growth in November* US jobless claims fall for seventh straight week:

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* Dems delay wide-ranging spending bill after GOP leader stalls vote
* Pressure among Democrats builds for Biden to combat inflation
* Japan approves new stimulus spending bill to boost economy
* Austria announces new national lockdown as coronavirus crisis deepens
* German producer prices in October rose at fastest rate in nearly 60 years
* CVS will close 900 stores to respond to changing “consumer buying patterns”
* US Leading Economic Index rose sharply in October, point to strong growth
* Philly Fed’s manufacturing index reports accelerating growth in November
* US jobless claims fall for seventh straight week:

Macro Briefing: 19 November 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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