2025 begins on the backs of what likely was another year of above-trend growth in the US. A still-strong consumer continues to spend as a strong labor market modestly cools, but the outlook is not without risks. Stronger growth and the elevated pace of inflation can keep interest rates higher and weigh on growth. Policy uncertainty and implantation of tariffs can also complicate the growth story, putting more pressure on productivity gains from AI-related technology adoption.
Anthony Pastore was joined in the studio by Asset Allocation Strategist Paul Hsiao from CIO to discuss this and much more.
