Macro Briefing: 19 July 2021

* Economists expect US economy will slow as stimulus spending fades
* Oil eases after Opec+ agrees to lift production
* Zoom buys Five9 for $15 billion to boost appeal with business clients
* US retail spending was surprisingly strong in June
* Inflation worries weigh on US consumer sentiment in early July
* 10yr-2yr Treasury yield curve narrowed to five-month low on Friday:

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