Prepared by Northern Trust’s Global Economic Research team, this report assesses the shifting U.S. economic landscape as 2025 enters its final quarter.
-
Labor Market: Job gains remain subdued (22,000 in August), with youth and minority employment under strain; unemployment steady at 4.3%.
-
Monetary Policy: Fed resumed rate cuts after nine months, signaling two more reductions in 2025 and modest easing into 2026.
-
Inflation & Markets: Core CPI at 3.1%, tariff effects lingering; Treasury demand resilient, housing market cooling in key regions.
How might these dynamics shape portfolio positioning into 2026? Explore the full report for deeper analysis
To read this article, you need a subscription to Investment Officer. If you don't have a subscription yet, click on 'Subscribe' to see the various subscription options.
