Most notably, the asset manager notes that the US economy is resilient, as it did not materialise in the anticipated recession in 2024. US gross domestic product (GDP) numbers for Q32024 were revised up, and Q42024 looks to have been pretty solid in terms of growth, they say.
Market expectations for the US economy continue to be “too pessimistic”, with a consumer market in “good shape” and labour market cooling, according to Schroders senior US economist George Brown in the firm’s Jan 20 note.
With Trump’s second term coming into play today, Schroders Investment Insights’ team consider the current state of play of the US economy and markets, and what they’re watching most closely.
