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Macro Briefing: 7 December 2021

Summary:
* Biden expected to give Russia’s Putin stark warning on attacking Ukraine* China says US will ‘pay a price’ for diplomatic boycott of Olympics in Beijing* Fed officials suggest bond-buying program will end sooner than expected* New data law in China makes it hard for foreigners to assess economy* Consumer spending was biggest contributor to Eurozone Q3 expansion* Will falling ‘excess’ cash reserves for working class pinch consumer spending?* Policy-sensitive 2-year US Treasury yield edges up to new pandemic high:

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* Biden expected to give Russia’s Putin stark warning on attacking Ukraine
* China says US will ‘pay a price’ for diplomatic boycott of Olympics in Beijing
* Fed officials suggest bond-buying program will end sooner than expected
* New data law in China makes it hard for foreigners to assess economy
* Consumer spending was biggest contributor to Eurozone Q3 expansion
* Will falling ‘excess’ cash reserves for working class pinch consumer spending?
* Policy-sensitive 2-year US Treasury yield edges up to new pandemic high:

Macro Briefing: 7 December 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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