Macro Briefing: 28 June 2021

* US launches airstrikes on militia targets in Iraq and Syria
* White House and Senate negotiators try to keep infrastructure deal alive
* Fed official highlights risk of a bust after US housing boom
* Central banks start or plan withdrawal of emergency stimulus
* Heatwave scorches US Northwest states
* Biden seeks to shift economic narrative away from inflation to recovery
* US consumer sentiment revised down for June but still higher vs. May
* US consumer spending unchanged in May; incomes dropped for second month:

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