Macro Briefing: 24 March 2022

* Biden in Brussels for meetings with NATO, G-7 and European Union
* N. Korea test fires intercontinental ballistic missile, Japan reports
* Eurozone business activity slowed in March via PMI survey data
* Fed’s goal of soft landing for economy appears to face low odds
* Oil prices rise after Russia reports extended pipeline outage
* Putin says ‘unfriendly’ countries must pay for gas in rubles
* Russia’s invasion of Ukraine marks end of globalization, writes BlackRock’s Fink
* New US home sales fell for a second month in February
* US gasoline prices remain elevated, close to previous high in 2008:

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