Fitch forecasts that the US government deficit will narrow to 6.9% of GDP in 2025.
The Federal Reserve Williams said the U.S. economy is in good shape with GDP expected to grow by 2% in 2025 and 2026. The economic outlook is highly uncertain due to the impact of government policies. The U.S. unemployment rate should remain between 4% and 4.25%. The Federal Reserve has made significant progress in reducing inflation; Monetary policy is fully prepared to meet the Fed's objectives; Moderately restrictive policies should bring inflation down to 2%; Inflation is expected to remain ...
Citi said it now expects the Bank of England to start cutting interest rates in a row in August 2025, compared with a previous forecast for May. (Jin Ten)
Barclays said it expected the Federal Reserve to cut interest rates just two times in 2025, by 25 basis points each, compared with a previous forecast of three cuts. The Bank of England is expected to leave rates unchanged at its December meeting, compared with a previous forecast of a rate cut.
JPMorgan analysts said in their latest report that they are optimistic about digital assets in 2025, mainly due to the rise of "depreciation trading". With geopolitical tensions rising and the US election looming, investors may turn to gold and bitcoin as a hedge against economic instability. The report also mentioned that the approval of spot bitcoin ETFs, the near completion of crypto market bankruptcy liquidation, and the possible return of FTX bankruptcy cash will all drive the growth of the...