Macro Briefing: 5 November 2021

* House vote expected today on infrastructure bills
* Global food prices rise to 10-year high, UN says
* OPEC rejects US request for more oil output; sticks to modest production plan
* Will transition away from carbon-intensive energy derail economic recovery?
* US trade deficit reaches a new record in September, driven by slumping exports
* US productivity fell to a 40-year low in Q3–probably due to temporary factors
* US jobless claims continue to ease, falling to new pandemic low:

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