New research has suggested that the US recovery is operating at a below-normal level for its current position in the economic cycle. A report published by Baring Asset Management has found that there are still a number of key tests that need to be conducted before it can be concluded that the economy can stand on its own feet without government support.
Hedge Funds Warned US Recovery ‘Is Not Assured’
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Rocket delivers $291M profit amid improved margins and MSR acquisitions
The Detroit-based lender reported a GAAP net income of $291 million from January to March, its highest profit level in two years.