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#Macroscope: Weekly Snapshot
1⃣ Tapering: Divergent views
- Bullard wants taper to start in fall/Sep21, end by Q1’22, Delta temporary
- Brainard, possible Fed Chair, wants to see Sept jobs data (out on 8 Oct) to judge progress
- Overall Dec’21 announcement remains base case
1/10
1⃣ Tapering: Divergent views
- Bullard wants taper to start in fall/Sep21, end by Q1’22, Delta temporary
- Brainard, possible Fed Chair, wants to see Sept jobs data (out on 8 Oct) to judge progress
- Overall Dec’21 announcement remains base case
1/10
2⃣ Virus
▪️ US cases further up; Delta now >80% of cases but more localized where vaccination remains low
▪️ "experts don't expect Delta to cause nationwide surge like winter wave"
▪️ To watch school re-opening
▪️ Herd immunity threshold probably pushed up, vaccination key
2/10
▪️ US cases further up; Delta now >80% of cases but more localized where vaccination remains low
▪️ "experts don't expect Delta to cause nationwide surge like winter wave"
▪️ To watch school re-opening
▪️ Herd immunity threshold probably pushed up, vaccination key
2/10
▪️ Drop in UK cases encouraging
▪️ China virus situation worst since Wuhan last yr; while absolute number still small, worth monitoring
▪️ Israel with 57% vaccination seeing rising "hospitalized cases but more serious condition significantly delayed"
3/10
scmp.com/news/china/pol…
▪️ China virus situation worst since Wuhan last yr; while absolute number still small, worth monitoring
▪️ Israel with 57% vaccination seeing rising "hospitalized cases but more serious condition significantly delayed"
3/10
scmp.com/news/china/pol…
