Macro Briefing: 29 March 2021

* Ship blocking Suez Canal is partially freed
* Biden this week will outline major infrastructure-spending proposal
* Growing list of firms warning of supply-chain bottlenecks, rising inflation
* Bond bulls question outlook for continued rise in interest rates
* Housing inflation is ramping up globally
* Investment banks take hit from hedge fund default on margin calls last week
* NYC is harbinger for US office space generally: most workers aren’t coming back
* Cold weather weighed on US consumer spending, income in February
* US Consumer Sentiment Index rises to one-year high in March
* NY Fed’s Weekly Economic Index revised to first growth reading in over a year: