Welcome to a regular snapshot-review of U.S. and international economic news that aims to 1) provide a window into the challenges and decisions facing businesses today, 2) determine the direction of economic policy — such as the speed at which central banks decide to raise interest rates, and 3) assess what the impact will be for consumers.

Rough News Week For Oxford-AstraZeneca Vaccine

The company was already battling the belief that its vaccine might be harmful to some receipients, compounded by the fact it has not yet received Emergency Use Authorization from the Food and Drug Administration. Then, this week the National Institute for Allergies and Infectious Diseases (led by Dr. Anthony Fauci) released a statement revealing concerns about the “information released by AstraZeneca on initial data from its COVID-19 vaccine clinical trial.”

On March 22, AstraZeneca had announced early results from…


Welcome to a regular snapshot-review of U.S. and international economic news that aims to 1) provide a window into the challenges and decisions facing businesses today, 2) determine the direction of economic policy — such as the speed at which central banks decide to raise interest rates, and 3) assess what the impact will be for consumers.

U.S. Impeachment Update: GOP Unlikely To Vote To Convict

Pelosi named nine Democratic impeachment managers for the trial, expected to take place in February: Reps. Jamie Raskin of Maryland, Diana DeGette of Colorado, Joe Neguse of Colorado, David Cicilline of Rhode Island, Joaquin Castro of Texas, Eric Swalwell of California, Ted Lieu of California and Madeleine Dean of Pennsylvania, along with Stacey Plaskett, the U.S. Virgin Islands’ nonvoting delegate to Congress.

However, it looks increasingly there will not be enough votes in the Senate to convict Trump…


Source: https://www.statista.com/chart/23330/coronavirus-restrictions-europe-map/

Welcome to a regular snapshot-review of U.S. and international economic news that aims to 1) provide a window into the challenges and decisions facing businesses today, 2) determine the direction of economic policy — such as the speed at which central banks decide to raise interest rates, and 3) assess what the impact will be for consumers.

Lockdown Makes A Comeback In Europe, Over 9 Million Infections In The U.S.

Efforts to slow the rate of the outbreak in the United States have largely failed — at the time of writing there were 9,043,390 confirmed cases, 3,296,613 active and 232,194 deaths.

This comes as daily coronavirus cases in the United States continue surge to levels not seen since the summer, forcing hospitals in states like Utah to ration care


Welcome to a regular snapshot-review of U.S. and international economic news that aims to 1) provide a window into the challenges and decisions facing businesses today, 2) determine the direction of economic policy — such as the speed at which central banks decide to raise interest rates, and 3) assess what the impact will be for consumers.

US COVID-19 Cases Approaching Summer Levels, Europe Surge Continues

The number of confirmed COVID-19 cases around the world once again rose significantly this week, with a corresponding spike in the number of deaths — 41,791,766 confirmed cases, with 12,268,206 active cases and 1,138,671 fatalities.

The outbreak in the United States continues to rage unabted — at the time of writing there were 8,498,360 confirmed cases, 2,914,394 active and 226,314 deaths.

This comes as daily coronavirus cases in the United States surge to levels not seen since the summer, with 14 states reporting peak Covid-19 hospitalizations in the past week: Alaska, Arkansas, Iowa, Kansas, Kentucky, Montana, Missouri, Nebraska, North Dakota…


Welcome to a regular snapshot-review of U.S. and international economic news that aims to 1) provide a window into the challenges and decisions facing businesses today, 2) determine the direction of economic policy — such as the speed at which central banks decide to raise interest rates, and 3) assess what the impact will be for consumers.

Parts of The Europe Back In Lockdown As COVID-19 Cases Spike

The outbreak in the United States shows no signs of abating — at time of writing there were 8,076,402 confirmed cases, 2,669,444 active and 220,889 deaths.

This comes as the midwestern parts of the United States and beyond are witnessing surges in coronavirus cases, with new outbreaks and hospitalizations rising to record levels — pointing to a nationwide resurgence as temperatures get colder.

So far this week…


Welcome to a regular snapshot-review of U.S. and international economic news that aims to 1) provide a window into the challenges and decisions facing businesses today, 2) determine the direction of economic policy — such as the speed at which central banks decide to raise interest rates, and 3) assess what the impact will be for consumers.

COVID-19 Delta Variant Takes Center Stage

Meanwhile news continues to break of athletes testing positive for COVID-19 even as the Tokyo Olympics gets underway.

Rochelle Walensky, the Director of the U.S. Centre for Disease Control warned during a White House press briefing this week that, “The Delta variant is spreading with incredible efficiency and now represents more than 83 percent of the virus circulating in the United States…


Welcome to a regular snapshot-review of U.S. and international economic news that aims to 1) provide a window into the challenges and decisions facing businesses today, 2) determine the direction of economic policy — such as the speed at which central banks decide to raise interest rates, and 3) assess what the impact will be for consumers.

COVID-19 Claims Over 4 Million Lives Worldwide

Globally, there have now been 185,650,024 confirmed cases of COVID-19, with 4,012,453 fatalities. The U.S. now has 33,879,911 confirmed cases, and there have been 611,249 fatalities.

The highly-infectious Delta variant is spreading rapidly, with the U.S. Centre for Disease Control Director Rochelle Walensky warning this week that “we are starting to see some new and concerning trends. …


Welcome to a regular snapshot-review of U.S. and international economic news that aims to 1) provide a window into the challenges and decisions facing businesses today, 2) determine the direction of economic policy — such as the speed at which central banks decide to raise interest rates, and 3) assess what the impact will be for consumers.

COVAX Urges Equal Treatment of Various COVID-19 Vaccines

However, this has meant that recipients of less effective vaccines — that have received regulatory approval in some countries but not all — have faced restrictions on their ability to travel from region to region.

As a result, the COVAX Initiative this week called for equal recognition of vaccines. “As travel and other possibilities begin to open up in some parts of the world, COVAX urges all regional, national and local government authorities to recognise as fully vaccinated…


Welcome to a regular snapshot-review of U.S. and international economic news that aims to 1) provide a window into the challenges and decisions facing businesses today, 2) determine the direction of economic policy — such as the speed at which central banks decide to raise interest rates, and 3) assess what the impact will be for consumers.

Novavax COVID-19 Vaccine Demonstrates 90% Efficacy

NVX-CoV2373, its recombinant nanoparticle protein-based COVID-19 vaccine, demonstrated 100% protection against moderate and severe disease, with a 90.4% efficacy overall.

The company said it plans to file for regulatory authorizations in Q3, upon completion of the final phases of process qualification and assay validation needed to meet chemistry, manufacturing and controls requirements.

“Upon regulatory approvals, Novavax remains on track to reach manufacturing capacity of 100 million…


Welcome to a regular snapshot-review of U.S. and international economic news that aims to 1) provide a window into the challenges and decisions facing businesses today, 2) determine the direction of economic policy — such as the speed at which central banks decide to raise interest rates, and 3) assess what the impact will be for consumers.

A Look Beyond The Hysteria Over Headline Inflation Numbers

There has been a lot of hand-wringing and, frankly, borderline exaggeration in the press (without added context) this week over the record spike in U.S. consumer prices. The Bureau of Labor Statistics reported that the Consumer Price Index in May increased 0.6% after rising 0.8% in April.

What really dominated the headlines, however, is that prices are up 5% compared to May 2020, the biggest jump since August 2008. Excluding food and energy prices, CPI rose by 3.8% compared to a year ago, the largest increase since June 1992. On a monthly basis, core CPI is up 0.7% in May…

Brai Odion-Esene

Founder — SW4 Insights. Public policy junkie and Central Bank Watcher. Recovering journalist and former Senior Director at Hamilton Place Strategies

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