Macro Briefing: 2 July 2021

* 130 nations agree to a global minimum tax on corporations
* US military withdrawal from Afghanistan nearly complete
* CBO raises growth outlook for US economy in 2021
* The evidence showing reliable inflation forecasting is thin
* Infections surging for Delta variant of coronavirus in Asia
* NYC office vacancies rise sharply this year from end of 2020
* US manufacturing growth slowed in June but the expansion remains strong
* Manufacturers report the biggest price jump in 42 years for June
* IMF raises US 2021 economic growth forecast to a sizzling 7% gain
* US jobless claims fell to a new pandemic low last week:

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