globalresearch

Accessible version Global Research Highlights A spring in inflation’s step Investment Strategy Solid growth, but inflation takes away the punch bowl 2 6 April 2024 The first print of 1Q US GDP showed that the economy grew at a sub-par 1.6% q/q saar. Global This was below our Economics team’s and consensus expectations of 2.5% growth. The Investment Strategy team notes that the largest drags on growth came from trade and inventories, which are BofAS volatile categories where large swings tend to be reversed ...