Macro Briefing: 15 January 2021

* Biden outlines $1.9 trillion Covid-19 relief plan
* Today’s US retail sales data for December expected to post decline
* Economists expect US growth at 4.3% in 2021 via new survey
* Fed’s Powell says no rate hikes on the horizon for now
* New wave of Covid-19 outbreak in China threatens economic recovery
* UK double-dip recession lurks after GDP fell 2.6% in November
* Are renewable energy stocks in a bubble?
* Philly Fed’s ADS business cycle index falls sharply, signaling US recession risk
* US import prices rose more than expected in December
* US jobless claims surged last week to a 5-month high:

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