Macro Briefing: 17 March 2021

* US imposes financial sanctions on Chinese officials ahead of China talks
* Biden endorses changes to Senate’s filibuster rules
* Wells Fargo expects 10-year Treasury yield to rise to 2.25% this year
* Fed will likely reaffirm it’s too early to raise rates or reduce bond buying
* Fed expected to upgrade economic forecasts in today’s FOMC meeting
* Inflation risk replaces Covid-19 as Wall Street’s main worry
* Homebuilder confidence falls in March after setting record highs
* US industrial output declined in February after four monthly gains
* US retail sales fell more than expected in February:

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