Growing uncertainty around the impact of tariffs, immigration, government spending, and the ongoing war in Ukraine is set to test what has been a very resilient US economy. Indeed, there have been signs of slowing in recent months, but it is to be expected given the lagged effects of monetary policy tightening. Following a strong year for financial markets in 2024, the backdrop has shifted thus far in 2025. Not surprisingly, recession fears have resurfaced.
For further details please see the link here: CFO Brief Investment Commentary (April 2025)
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