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Mace McCain, president and chief investment officer of Frost Investment Advisors, spoke to Bloomberg Radio’s Paul Sweeney and Matt Miller following the Federal Open Market Committee meeting on April 27-28. In addition to broader economic recovery, the discussion covered labor rates, supply chain issues and the market overall.
“In spite of first quarter growth, we continue to see inventories at a lower level, and we also have not seen a resurgence yet in restaurants or hotel stays,” McCain said. “We’re going to see continued growth and pricing pressure in this and the supply chain.”
Excerpted from Bloomberg Radio on April 21, 2021. To hear the full conversation, click here.
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