NEW YORK ( TheStreet) - According to a revision lower in U.S. gross domestic product on Wednesday, the economy grew only 1.8% in the first quarter versus the previously estimated 2.4%. Lower growth led to a market rally, as stocks reverted back to their old ways of moving higher on poor data. The belief is that weak growth will keep Federal Reserve stimulus alive and fears of a haste removal will diminish.But weak growth still weighs on inflation expectations and is strongly negative for inflation-linked assets.
Global Macro: Weaker Growth Boosts Stocks, Lowers Inflation Outlook
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