Macro Briefing: 11 March 2021

* House passes $1.9 trillion Covid relief bill — Biden will sign it this week
* Biden will outline ‘next phase’ of US Covid relief in TV address tonight
* Covid relief bill raises taxes on the wealthy and big corporations
* Denmark suspends AstraZeneca’s Covid vaccine due to possible side effects
* Brazil’s Covid deaths are surging
* Will last year’s debt binge bring blowback for the global economy?
* US jobless claims expected to ease from high levels
* US budget deficit rises to $1 trillion and even higher levels are expected
* US consumer inflation picked up in February, but core trend eased:

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