Bank of America Merrill Lynch Sees 2% U.S. Growth

The video features Michelle Myers from Bank of America Merrill Lynch discussing the revised GDP growth forecast, highlighting the impact of strong survey data and durable goods numbers. Trade is identified as a major risk due to potential policy changes. The Federal Reserve's approach to rate hikes is examined, with a focus on risk management and inflation concerns. Financial conditions are analyzed, noting modest changes post-election. The discussion concludes with the potential for economic growth through policy changes, considering the unique approach of President Trump.

What does the term 'shallow cycle' refer to in the context of rate hikes?

What structural challenges have impacted the economic recovery?

How does the speaker view the potential for stronger economic growth?