Daily Archives: Jun 11, 2021 at 06:08 pm EDT

Macro Briefing: 11 June 2021

* Bipartisan group of Senators reach deal on infrastructure package
* Iran warships sailing in Atlantic
* European Central Bank defers on when it might start reducing stimulus program
* Weak US dollar is spurring foreign investment in US government bonds
* Oil demand expected to exceed pre-coronavirus levels by 2022’s close
* UK economic growth picked up in April
* US jobless claims fell for sixth straight week, sliding to new pandemic low
* Some analysts predict higher US inflation is temporary
* US consumer inflation rose at 5% annual rate in May–highest since 2008: