Issue 98 | Second Quarter 2025

Trump's policies, characterized by a preference for tariffs and deregulation, are fundamentally altering the global economic landscape. While the immediate impact includes market volatility and shifts in investment, the long-term effects on global growth and trade dynamics remain uncertain.

Read The Forecast

Subscribe to the Forecast

Receive The Smithfield Forecast in your inbox each quarter. The newsletter contains financial and investment news along with book reviews and other interesting articles written by our staff and customers.

Receive by Email Receive by Post Mail

First Name*

Last Name*

Email*

Address*

Address 2

City*

State*

Zip Code*

Submit

Previous Issues

Issue 97 | First Quarter 2025

We remain quite optimistic for 2025 and anticipate rapid implementation of the Trump Agenda, as it is rare that a President with aggressive new policies suffers a slump in their first year. The consensus is for faster moderation of both growth and inflation, but with wider bands on forecasts for both.

Read The Forecast

Issue 96 | Fourth Quarter 2024

The outlook for 2025 has always been problematic due to the uncertainty caused by upcoming elections – not only for the President, but for the balance of Congress as well. The first order of business regardless of who is in power is dealing with the many tax and subsidy programs that sunset as the result of earlier budget shenanigans.

Read The Forecast

Issue 95 | Third Quarter 2024

As we pass mid-year, the US economy is beginning to show signs of stress, because inflation remains higher than hoped, the Federal Reserve remains effectively on hold, and the approaching election leaves fiscal policy uncertain.

Read The Forecast

Issue 98 | Second Quarter 2025

Subscribe to the Forecast

Previous Issues

Issue 97 | First Quarter 2025

Issue 96 | Fourth Quarter 2024

Issue 95 | Third Quarter 2024

Success!