Greetings,
The United States: US GDP contracted in the first quarter, driven by a sharp surge in imports ahead of impending tariffs.
Canada: Canada’s GDP unexpectedly declined in February, but projections show a small rebound in March.
Japan: BoJ rate hike expectations tumbled.
Commodities: Gold is off the highs.
Equities: Stock futures are up this morning.
Global Developments: The dollar has declined more than interest rate differentials alone would suggest.
Food for Thought: Daily personal income in 2024 by country for the poorest and richest 10%:
Edited by Abraham Lent
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