Macro Briefing: 4 June 2021

* Biden signals willingness to negotiate with GOP on infrastructure package
* NY Fed president says it’s too early to reduce stimulus
* Is the US economy at risk of overheating?
* Global growth continued to accelerate in May via PMI survey data
* US economic growth strengthened in May via Composite PMI data
* US jobless claims fell below 400k for first time during pandemic
* US ISM Services PMI continues to indicate strong sector growth in May
* US private employment growth accelerated in May to 7-month high: