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Throughout 2025, Federal Reserve (Fed) policy evolved from a firmly restrictive stance toward a more balanced posture as inflation continued to moderate and growth remained resilient. Policymakers spent much of the year assessing whether disinflation was sufficiently durable to justify a gradual recalibration of rates without reigniting price pressures. Early

The latest U.S. jobs report provided additional insight into a labor market that is beginning to normalize after an extended period of strength. For investors and business leaders, the focus is less on any single data point and more on how broader trends are gradually taking shape across the economy.

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).

Monetary Policy ▪ The FOMC announced today it will cut the Federal Funds target rate by 25 bps to a range of 3.50 – 3.75%, the third consecutive 25 bps rate cut of 2025. While another cut was not a foregone conclusion by mid-November, markets had come to anticipate this

Most Americans now experience taxes as one of the largest long-term drags on wealth. Between taxes on interest, dividends, and capital gains, many investment dollars are taxed repeatedly over a lifetime. Trump Accounts are a new federal savings vehicle created in the most recent tax bill to help families invest

China’s trade surplus has surged above a record $1 trillion, cementing its role as the industrial hub of the world. Despite U.S. tariffs, China’s goods-trade surplus has increased month over month, even as its customer base has shifted. Chinese exports to the U.S. have fallen 18.9% in 2025, according to

Below is a summary of the major themes shaping portfolios as we move into year end. 1. Equities: Resilient, but Rotation Underway U.S. stocks ended November slightly higher, continuing a multi-month advance but with notable shifts beneath the surface. The S&P 500 gained just 0.1 percent, extending its winning streak

Financial markets have experienced elevated volatility in recent weeks driven by shifting expectations around interest rates, evolving economic data, and changing sentiment across key sectors including technology and other growth-oriented areas. While periods like this can feel unsettling, volatility is normal and expected. More importantly, it rarely changes the path

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).

Below is a brief summary of the major themes shaping portfolios as we move into the final months of the year. 1. Equities: Rally Continues Amid Earnings Strength U.S. stocks extended their gains in October. The S&P 500 rose about 2.3 percent, while the Nasdaq gained nearly 4.7 percent, driven