Macro Briefing: 16 June 2021

* Biden meets Putin today in Geneva
* Israel bombs Gaza — first airstrike since last month’s ceasefire
* No policy changes expected for today’s Fed announcement
* Biden ban on new oil and gas leases blocked by federal judge
* China’s industrial output, retail sales rose less than expected in May
* NY Fed Mfg Index reflects slower growth for second straight month in June
* Producer price inflation continued to accelerate in May
* US industrial production rebounded in May following weak gain in April
* US retail sales fell more than expected in May: