Macro Briefing: 20 December 2021

* Build Back Better Act’s future in doubt after Sen. Manchin pulls support
* Goldman Sachs cuts US growth outlook after Manchin rejects Build Back Better
* Omicron ‘raging around the world,’ says White House’s top medical adviser
* Moderna finds its booster sharply raises antibodies to fight Omicron
* Turkey’s economic crisis threatens Europe’s stability
* Central banks see risk of sustained inflation due to Omicron
* China cuts a benchmark lending rate for first time since April 2020
* US 10-year Treasury yield starts week near a three-month low: