US 2026 Economic and Rates Outlook
While many questions remain about policies, the US heads into 2026 with fewer questions than a year ago. Last year we previewed what was potentially to come under Trump 2.0 and the potential bands for trade policy, fiscal policy, immigration policy, etc. were incredibly wide. Now, while many of these issues are far from settled, we at least know the broad contours of the administration’s preferred policy path in many areas. Despite pockets of weakness, in aggregate, with consumer and business balance sheets still solid, we think the US economy continues to be on firm economic footing. Of cours...