Macro Briefing: 22 June 2021

* European Union launches antitrust probe into Google’s advertising unit
* Fading gov’t stimulus spending will bring a temporary economic headwind
* No policy change needed for US, at least for now, says NY Fed president
* Is inflation risk starting to recede?
* Bitcoin remains under pressure as China escalates crackdown on cryptocurrency
* Bridgewater’s Dalio: Fed rate hikes will have ‘big, negative effect’ on markets
* Chicago Fed Nat’l Activity confirms US economic growth accelerated in May: