Headlines discussed at LNWM’s Monday morning briefing:
— US GDP grew 3.2% in Q1 2019, on inventory buildup and lower trade deficit; consumer and business spending fell.
— The US housing market seems to be slowing, with existing house sales down (across all regions) an average of 4.9% in March.
— The Bank of England is widely expected to keep its key interest rate stable (0.75%), ahead of Brexit planned for this fall.
— If China’s economic growth rate were to fall 50%, to 3%-3.5% annually, it would still be higher than that of the US, Eurozone or Japan.
— At its meeting this week, the Federal Reserve is not likely to change its stance on keeping US interest rates stable.
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