INVESTORS’ HOPES ARE IN BLOOM AS A SEASON OF GROWTH ARRIVES
The U.S. economy is growing at about a 6% annual rate, after adjustments, in the current quarter, according to the tracking models of the Federal Reserve Bank of New York. And that comes after robust payroll gains in March of over 900,000 reported on Good Friday, and booming auto sales in the first quarter, despite supply shortages. Ditto for residential housing, with tight supplies of new and existing homes acting as the main constraint.