Macro Briefing: 27 July 2021

* Tense US-China meeting ends on Monday between high-level officials
* Will the Fed’s light touch with inflation management work?
* US real yields fall to record lows
* Survey data suggest inflation is peaking
* Goldman Sachs cuts US growth outlook for 2H:2021
* Stocks in emerging markets fall into the red for 2021
* S. Korea’s economy expands at fastest pace in a decade in Q2
* Tesla’s quarterly profit surges to record high
* New US home sales continued falling in June; lowest since April 2020: