
Monthly Review
January 2025 – Bond Market Review
Recent economic data continues to suggest positive but below trend growth this year. Labor markets remain solid, and the U.S. consumer has demonstrated resiliency.

Recent economic data continues to suggest positive but below trend growth this year. Labor markets remain solid, and the U.S. consumer has demonstrated resiliency.

Market participants focused on inflation this week, along with trends in consumer spending. Inflation readings for December moderated, which should provide the Fed with more confidence in progress toward their inflation target as they approach the next policy meeting on January 28th and 29th.

Market participants focused on better-than-expected labor market data this week, highlighting the resilience of the U.S. economy.