Macro Briefing: 23 June 2021

* Will Delta variant be the source of next Covid-19 wave in US?
* Fed chairman downplays inflation risk in congressional testimony
* NY Fed president says rate hike is “still way off in the future”
* China condemns latest US warship transit through Strait of Taiwan
* US births tumbled after pandemic started
* Eurozone economy grows at fastest rate for 15 years in June via survey data
* UK growth remains strong in June as employment gain hits record high
* Japan’s economic contraction continues in June via PMI survey data
* Mid-Atlantic manufacturing activity strengthens in June
* Existing home prices in US post highest year-on-year increase on record while…
* US existing home sales fell for fourth straight month in May: