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Monetary Policy ▪ The FOMC announced yesterday it will cut the Federal Funds target rate by 25 bps to a range of 4.00 – 4.25%, the first policy rate change of 2025. This decision had become widely expected by the market prior to the meeting.▪ Newly sworn in Fed Governor
Recent optimism around US-China trade talks, coupled with stronger-than-expected consumer spending data, point to a cautiously upbeat economic backdrop. While inflation pressures remain, modest interest rate cuts suggest policymakers are aiming to support sustainable growth without overheating the economy. Across sectors, markets are responding to evolving trade relationships and regulatory
Equity markets have staged a strong rally from the April lows, supported by economic and earnings data that have proven more resilient than initially feared. While our investment process incorporates a wide range of inputs, we highlight below several developments that have been particularly relevant in recent weeks. 1. Federal
Recent labor market data highlights an important dynamic worth considering for financial planning and career outlook. Job growth remains modest and below expectations, with unemployment edging higher. While artificial intelligence continues to reshape certain industries, its current impact on the broader labor market appears limited, with economic uncertainty and cautious
The Housing Starts Report measures the pace of new residential construction in the United States. It focuses on 2 key indicators: Interpreting the Numbers July’s numbers tell two stories. On one hand, builders are pressing ahead with current projects despite high borrowing costs, showing resilient housing demand. At the same
Please find the next blog in our monthly series that provides a snapshot of the markets and the state of the economy. Economic Overview Market Returns Asset Class Valuations – Rebalancing Rationale Key Risk Factors We Are Watching Disclaimers: The views expressed herein are those of Asset Consulting Group (ACG).
New orders for manufactured goods fell 4.8% in June, signaling a slowdown in demand from businesses placing fewer orders with manufacturers compared to May. At first glance, this drop may appear concerning, but a closer look reveals it could be less a red flag and more a recalibration. May saw
GDP for Q2 2025 rose 3.0%, beating consensus, but the one quarter gain only tells part of the story. The main driver was a significant swing in trade: Excluding these volatile components, real final sales to private domestic purchasers, a measure of how much individuals and businesses within the U.S.
As we reach the midpoint of 2025, global markets continue to reflect a dynamic interplay between economic resilience and persistent headwinds. Inflation appears largely contained, but monetary policy remains a key variable. The Federal Reserve has maintained a cautious tone, signaling that any potential rate cuts later this year will
Please find the next blog in our monthly series that provides a snapshot of the markets and the state of the economy. Economic Overview Market Returns Asset Class Valuations – Rebalancing Rationale Key Risk Factors We Are Watching Disclaimers: The views expressed herein are those of Asset Consulting Group (ACG).
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