Macro Briefing: 4 October 2021

* Dems will continue to struggle this week over fraying unity on Biden agenda
* Broader signs of inflation pressures starting to emerge
* Japan elects new prime minister: Fumio Kishida
* US auto sales plunged over past 3 months due to chip shortages
* Huge leak of offshore data shows tax dodges of rich and powerful
* China raises pressure on Taiwan with surge of provocative military flights
* Trading halted in shares of Evergrande, the troubled property developer in China
* US 60/40 stocks/bonds benchmark suffered rare loss in September
* Key inflation metric monitored by Fed rose to 30-year high in August
* ISM Mfg Index rose in September, signaling strongest growth since May
* US consumer spending rebounded sharply in August:

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