LOS ANGELES, July 24, 2025 (GLOBE NEWSWIRE) — Despite a turbulent first half of the year, Payden & Rygel’s economics team remains cautiously optimistic on the U.S. economy. In their newly released Mid-Year Macro Outlook, the firm projects continued growth, moderating inflation, and a Federal Reserve likely to resume interest rate cuts before year-end.
Markets reeled earlier this year following an unexpected round of tariffs in April and rising fears of a recession. But with inflation cooling and job growth holding up, Payden sees room for a softer landing than many headlines suggest.
“Markets overreacted to the April tariff shock, but we believe the data still supports rate cuts and steady growth,” said Jeffrey Cleveland, Chief Economist at Payden & Rygel. “If inflation continues to cool—or unemployment rises modestly—we expect the Fed to act.”
Key Insights for the Second Half of 2025:
- Inflation Can Still Moderate: Core Personal Consumption …