Macro Briefing: 21 February 2022

* Biden agrees ‘in principle’ to meet Putin to discuss Ukraine
* Kremlin says: ‘no concrete plans’ for a Biden-Putin summit
* Iran reports significant progress toward reviving 2015 nuclear deal
* US average daily COVID-19 cases and hospitalizations continue steady decline
* Drop in federal relief spending could help curb US inflation
* The recent surge in used car prices starts to reverse in early February
* Eurozone growth picks up in Feb as pricing pressure accelerated
* UK private sector growth accelerates to its strongest since June 2021
* US Macro-Markets Risk Index turns negative, signaling softer growth:

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