At the beginning of 2025, the U.S. economy was in good shape. The labor market looked solid, and inflation was moderating. However, the U.S. tariff shock in April created a significantly higher chance of recession this year. The U.S. stock market has seen a recovery in recent weeks, but that is the market looking forward and setting the expectations that delayed tariff levels will not become effective. We have also had the first announced, agreed-upon framework for a trade deal with the U.K. this week. In this video, Ross Bramwell will give an update on the key economic indicators that we are watching as we have hopefully moved past peak uncertainty regarding tariffs, to now working through negotiations.
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Watch here: https://youtu.be/r2pWfRiatq4?si=iivlfurtxHt9L99x
