Macro Briefing: 15 March 2021

* President Biden considers first major federal tax hike since 1993
* Fauci points to Europe’s covid surge as reason to keep mask restrictions
* Migrant traffic rising on US-Mexico border
* After bloodiest day in Myanmar protests, military extends martial law
* Chinese economic activity surged in January and February
* Unemployment rate for China’s young people holds at high 13.1%
* Emerging markets face risk of rising rates amid higher debt levels
* Investors overreact when companies hit by natural disaster, study finds
* US Consumer Sentiment Index rebounds to 1-year high in March: