August 1, 2025By Julie Biel, CFA, Kimberly C. Friedricks, Andrew P. Grant and Spuds Powell, CPWA®

Summer 2025 Market Update Webcast

In this webcast panel discussion, we’ll share our insights and observations on the markets and economy. Highlights from the conversation include:

  • Economic Growth Volatility: The U.S. economy grew at 3% in the second quarter, but the average growth rate for the first half of the year is closer to 1.5%, reflecting ongoing volatility due to tariff-related inventory adjustments.
  • Persistent Inflation Pressures: Inflation remains sticky at around 2.5-3%, with potential wage pressures due to constrained labor supply, and companies are still figuring out how to handle the impact of tariffs on costs and pricing.
  • Tax Bill Uncertainty: The new tax bill may provide some corporate benefits in R&D and depreciation, but its impact on consumer spending and federal debt levels remains uncertain.
  • Earnings Season Resilience: The latest earnings season has shown resilience, with both large and small-cap companies performing better than expected.
  • AI Transformational Potential: AI is seen as a transformational technology with significant potential for productivity gains, but widespread adoption and its impact on various industries are still in the early stages.

Presented by

The event was moderated by Spuds Powell, Managing Director.

Watch the replay here.

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