The CEO Macro Briefing Book

The CEO Macro Briefing Book is a quarterly series for our business-owner clients addressing economic, financial, and policy considerations

Feature reports

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The CEO Macro Briefing Book 1Q25

Economic strength in a changing environment

The CEO Macro Briefing Book for 1Q25 is a quarterly update to our most recent CEO Macro Briefing Book series. Framed for our business-owner clients, this report is a quarterly assessment of economic conditions, operational considerations, policy, and dealmaking activity.

In this edition, the UBS Chief Investment Office assesses a “roaring” economy at a time of increasing policy uncertainty, with profound implications for the economy and financial markets.

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12 questions ahead of 2025

The CEO Macro Briefing Book: Year Ahead 2025

In this report, UBS CIO answers 12 of the most asked questions about markets and the economy from our business-owner clients including: What kind of economy will the incoming administration be inheriting? And is it really as bad as consumers feel it is? The three policy areas we are watching out for that may have an outsized impact on growth and inflation. How worried about the growing pile of debt should policymakers and investors be?

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Economic strength through a volatile political season

The CEO Macro Briefing Book: 4Q24

As we enter the final few months of 2024, the economic narrative has become more optimistic with beats from both consumer sector and labor market report. While certainly welcome news for anxious recession watches, the recent economic strength may also complicate the potential rate-cut path from the Federal Reserve, adding some volatility in an already contentious political season.

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Politics heats up, the economy cools down

The CEO Macro Briefing Book: 3Q24

The CEO Macro Briefing Book from UBS CIO is a quarterly presentation aimed at business owners and leaders, C-suite executives, and Boards of Directors—now updated for Q3 2024. This presentation provides a forward-looking perspective on the economy and financial market developments, focusing on how the market outlook could influence corporate activity, including M&A, IPOs, and private equity.

Latest video

The roaring 20s meets Trump 2.0

The world is embracing the incoming year of the Snake, a time usually marked for change and renewal. For business owners, the post-election environment has been greeted with optimism but what risks can threaten CIO’s "Roaring 20s" thesis?

Other related videos

What does Trump’s election win mean for business owners?

What does Trump’s election win mean for business owners?

Trump's return to DC promises an economic rush-tax cuts, spending plans, and more business-friendly regulatory environment. As this high-stakes economic experiment unfolds, what's the year ahead going to look like for business owners?

How are CEOs and investors reacting to the market?

How are CEOs and investors reacting to the market?

As the US election draws nearer and more rate cuts by the Fed are expected, we look to business owners and seasoned investors for their reactions. What signals should you be focusing on?

Related podcasts

Top of the Morning: The CEO Macro Briefing Book 1Q25 update

Businesses have greeted the post-election environment with optimism, yet uncertainty remains as questions surround the timing and implementation of Trump 2.0 policies’ interplay with a seemingly more cautious Fed and slowing economy. Paul Hsiao, Asset Allocation Strategist Americas with the UBS Chief Investment Office, joins to discuss the outlook and implications. Host: Daniel Cassidy

Top of the Morning: The CEO Macro Briefing Book 4Q24 update

We spotlight the latest edition of the quarterly UBS CEO Macro Briefing book as we explore how business owners and investors feel about the upcoming US election, the state of the US economy, the course ahead for Fed monetary policy, and more. Featured is Paul Hsiao, Asset Allocation Strategist Americas, UBS Chief Investment Office. Host: Daniel Cassidy

Authors

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Jason Draho, Ph.D.

Head of Asset Allocation Americas
Chief Investment Office, GWM

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Paul Hsiao

Asset Allocation Strategist Americas
Chief Investment Office, GWM

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