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The Allocation Group notes that Trump has cut tariffs on more than 100 food products.
Macroeconomics 1 min read time

Market Outlook - December 2025

By Olav Chen Head of Allocation and Global Fixed Income

Economic clouds are beginning to lift as the US edges toward renewed growth and another Fed rate cut. Markets remain steady, but shifting policy signals and AI-driven earnings keep investors on alert.

Key points:

  • Despite a still-weak labour market, economic growth in the US may pick up again next quarter
  • The Fed will likely cut rates again in December, but the focus on central-bank independence will probably continue
  • NVIDIA met expectations with strong results, but the share price levelled off

Read the Market Outlook for December here

Date:
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