The U.S. economy in 2025 has been surprisingly resilient on the surface but is increasingly vulnerable beneath.
Providing his new forecast, our Chief Economist, Daniel E. Laufenberg, Ph.D., details what lies ahead for monetary and fiscal policy for the remainder of the year, along with an early look into 2026. Focusing on the major themes, trends, and policy implications, here are the key takeaways:
- Growth: Bumpy But Resilient
- Labor Market: Cracks Emerging
- Monetary Policy: Pivot Under Pressure
- Inflation: Persistent & Sticky