a hawkish surprise that could hurts emerging markets (EM). =/span> MEGA Trends Momentum Ran=ing:&n=sp; Greg Kaldor</=> Managing Director US MEGA (Macro Equity &=mp; Global Alpha) Bank of America Merrill=Lynch 8 EFTA_R1_00106345 EFTA01784779 This message, and any attachments, is for the intended recipien

e. More in line with our expectation for a slower profi=e of growth to justify the rate cut last week. Greg Kaldor Managi=g Director</=> US MEGA (Macro Equity &=mp; Global Alpha) </=pan> Bank of America =errill Lynch T +1-646=855-2572 B/Berry +1-347-276-9374 apan style="font-size:10.0pt;font-family:"Verda