Macro Briefing: 26 March 2021

* Biden warns of ‘responses’ if N. Korea’s missile tests continue
* Fed’s Powell: economy recovering faster than expected
* Two prominent economists worry about inflation. The Fed disagrees
* China announces sanctions on UK re: charges of human rights abuses in Xinjiang
* Suez Canal may be blocked for weeks, disrupting global trade
* US consumer spending expected to fall in today’s report for February
* CBO overestimated rise in yields in past years. Is it right this time?
* US Q4 GDP growth revised slightly higher to 4.3%
* US jobless claims last week fell to lowest since pandemic’s start: