Macro Briefing: 26 July 2021

* Dr Fauci warns the US going in ‘wrong direction’ again with Covid-19 cases
* Tense start for US-China meeting; Beijing official says relations are in ‘stalemate’
* Taking action on climate change can boost global economy, predicts economist
* Weak US population growth, which may soon go negative, is economic headwind
* Public and bond-market expectations suggest inflation surge is easing
* US real 10-year yield at record low as growth concerns rise
* US labor shortages, inflation pressures expected to continue, NABE survey finds
* Indexing assures top-quartile performance, predicts legendary strategist
* US economic growth eases in July due to services slowdown: