4Q25 Economic & Market Outlook
10-2-25
KEY TAKEAWAYS:
- Despite economic and political challenges, the US economy remains on solid fundamental footing.
- We believe the current expansion is primed to continue, aided by a resilient consumer, a massive data center building cycle, and an interest rate environment that is conducive to investment.
- While downside risks have grown, including a deteriorating labor market, continued weakness in housing and tariff uncertainty, none of these are likely to tip the economy into recession.
