This week’s #MacroMemo covers a wide range of thematic topics. It begins with a cursory review of the latest COVID-19 trends, before moving to other important topics including China’s property market in the context of Evergrande, the broader Chinese regulatory crackdown and the recent Chinese economic trend. The report then pivots toward public policy, reviewing the latest U.S. Fed Reserve decision, U.S. political developments and the German and Canadian elections. Finally, we investigate two inflation-related subjects: the surge in natural gas prices and persistent supply chain issues.

Click here for the full report; RBC GAM MacroMemo.