2025 Outlook: Long-Term Perspective on Markets and Economies

The November election eliminated the cloud of uncertainty, that had lingered over 2024.  Looking forward, we expect to see an extension of the 2017 Tax Cuts, efforts to curtail illegal immigration, the threat and possible implementation of tariffs, the possibility of some reflation, and a slightly relaxed regulatory environment which could broaden the runway for banks, financials and health care.

See the report for further information:  January 2025 Outlook Report

Housing Market Unlikely to Thaw in 2025 Due to Affordability Challenges and ‘Lock-in Effect’

Fannie Mae Economists Share 5 Housing Market Predictions for New Year

WASHINGTON, DC – Affordability and the so-called “lock-in effect” are expected to keep housing activity subdued in 2025, with existing home sales forecast to move only slightly upward from recent multi-decade lows, according to the December 2024 commentary from the Fannie Mae (FNMA/OTCQB) Economic and Strategic Research (ESR) Group. The broader economy is expected to remain on solid footing and expand at an above-trend pace through 2026 as it navigates elevated core inflationary pressures and heightened policy uncertainty.

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Here’s The Fed’s 2025 Meeting Schedule And What To Expect For Interest Rates

Fixed income markets anticipate that the Federal Reserve will cut interest rates in 2025, but not by much. Short-term interest rates are expected to end 2025 close to 4%. That’s down from the current 4.25% to 4.5% range as of January 2025. This is after the Fed cut rates in December 2024.

This forecast assumes that the U.S. economy continues to grow; unemployment remains slightly above 4%; and inflation ends 2025 close to 2.5%. These projections were the median forecasts of Federal Open Market Committee policymakers in December 2024. If the economy performs differently than these expectations, then the interest rate outlook will evolve, too.

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Trump’s Victory Signals Major Policy Shifts Ahead

The magnitude of U.S. President-elect Donald Trump’s victory on Tuesday brings the strong likelihood he will have a mandate for his economic, market and foreign policy agenda. Winning the Electoral College and popular vote, as well as gaining Republican control of the Senate, means Trump’s key policy issues, such as tax cuts, higher tariffs and immigration curbs may come faster than expected — potentially in the early months of 2025.

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Seven Medicare Changes You’ll See in 2025

Expensive medications? You’ll save thousands. Dementia or mental health care? More options

Key takeaways

• Changes from Inflation Reduction Act will take effect next year.
• Lower out-of-pocket limit in Part D drug plans erases old “donut hole.”
• You may find weight loss drugs covered to treat other medical conditions.
• Your Medicare Advantage plan may not stay the same.
• Look for a midyear statement from your MA plan.
• Caregivers for loved ones with dementia may be eligible for respite care.
• More mental health counselors are encouraged to enroll as providers.

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Five Financial Planning Secrets of Millionaires

You might be surprised: Most millionaires don’t feel rich. Instead, they have smart goals, discipline and a little help along the way.

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What to expect between Election Day and the Inauguration

With the U.S. presidential election less than two weeks away, Americans may be looking forward to the end of a tumultuous political campaign season. However, if past trends are any indication, November 5 could be just the beginning.

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Do You Qualify for Social Security Spouse’s Benefits?

Social Security benefits are a crucial part of the retirement income for millions of Americans.

If you don’t have enough Social Security credits to get benefits on your own work record or your own benefit is small, you may be able to receive benefits as a spouse. Your spouse must be receiving benefits for you to get benefits on their work record. If your spouse does not receive retirement or disability, you’ll have to wait to apply on your spouse’s record.

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