Economic & Market Overview
Upside Surprise
As we entered the second quarter of 2025 the Bloomberg survey of economists forecasted the U.S. economy to grow 1.9% for the impending three-month period.
In this issue:
Fixed Income Commentary
Yields Stay in Tight Range as the FOMC Restarts Interest Rate Cuts
Core bonds finished the quarter with a gain of 2.1%.
Equity Commentary
Investors Shrug Off Uncertainty to Drive Markets Higher
Investors drove equity markets upwards to record high levels in the third quarter in a “risk-on” environment.