The latest GDP data revealed that the U.S. economy shrank in Q1. The primary driver behind this contraction was the heavy net imports during Q1, as businesses pre-stocked shelves in anticipation of tariffs expected to start in April. Despite modifications and delays to these tariffs, the surge in imports significantly impacted GDP. Erik also discusses the mixed signals from consumer spending and what to expect in the coming months regarding tariff implementations.
Watch Erik's video discussing this topic in this week's Fiduciary Focus.
Multnomah Group is a registered investment adviser registered with the Securities and Exchange Commission. Any information contained herein or on Multnomah Group’s website is provided for educational purposes only and does not intend to make an offer or solicitation for the sale or purchase of any specific securities, investments, or investment strategies. Investments involve risk and, unless otherwise stated, are not guaranteed. Multnomah Group does not provide legal or tax advice.