Issue 100 | Fourth Quarter 2025

The US economy maintains strong growth through stimulus and easing, despite a slowdown from immigration reform which reduces workforce growth and wage increases. Consumer spending remains buoyant, inflation pressures build, and the Federal Reserve is expected to lower interest rates further, supporting ongoing economic stability.

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Previous Issues

Issue 99 | Third Quarter 2025

Entrepreneurs and consumers are cautious due to political uncertainty. However, shifts, including narrow margins in Congress and the election calendar, are prompting resolutions on key policies, which could bring more certainty and liquidity later in 2025 and into 2026.

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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.

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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.

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Issue 100 | Fourth Quarter 2025

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Issue 99 | Third Quarter 2025

Issue 98 | Second Quarter 2025

Issue 97 | First Quarter 2025

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