Macro Briefing: 31 January 2022

* White House says Omicron spike could affect this week’s update on jobs data
* Atlanta Fed’s Bostic says central bank could hike rates by a half-point if needed
* China manufacturing sector contracted in January–weakest reading in 23 months
* Bank of England may be moving closer to first back-to-back rate hikes in 17 years
* Eurozone growth slowed in Q4
* Surging prices for construction materials appear to restrain housing-bubble risk
* US consumer spending fell in December as inflation hit 40-year high
* US 10yr-2yr Treasury yield spread at lowest level since Oct. 2020: