Macro Briefing: 14 February 2018

US forces killed dozens of Russian mercenaries in Syria last week: Bloomberg
US intelligence agencies: Russia may interfere in Nov election: Reuters
Cleveland Fed’s Mester could be the Fed’s next vice chair: WSJ
US small business optimism rose more than forecast in Jan: Bloomberg
Is Wall Street’s inflation fear overblown? MarketWatch
Japan’s current expansion is the longest since the 1980s: Reuters
California is booming, but is also preparing for the next recession: NY Times
Weak recovery due to low productivity growth, falling labor participation: SF Fed