Macro Briefing: 4 March 2021

* House cancels Thursday session due to possible militia attack
* Will Congress provide relief for city budgets squeezed by pandemic?
* Analysts expect OPEC to reverse oil production cuts
* Global growth accelerated in February, rising to four-month high
* US businesses optimistic on economy, Fed Beige Book reports
* US Composite PMI (GDP proxy) rose to seven-year high in February
* US services sector growth eases to slowest pace May via ISM data, but…
* Services PMI (via IHS Markit) shows a much stronger profile for February
* US employment growth slowed more than expected in February via ADP data:

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