Inflation concerns persist globally, the loonie soars and crypto mania hits equity markets.
The ongoing vaccine rollout and easing lockdown restrictions in some parts of the world helped improve economic activity during May. Globally, manufacturing and services sector activity was strong, signaling improving conditions. U.S. President Biden introduced his new budget, which focused on increasing spending to support households and the broader economy. Some U.S. Federal Reserve Board (“Fed”) members gave speeches and interviews that hinted bond tapering might be on the way…
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