Build Forward: Monetary Masala

Is the US economy headed for recession, or can America weather emerging trade wars, associated cost increases, and uncertainty? This presentation focuses on US and regional economic performance with an eye toward identifying emerging risks to what has been the world's most envied economy. Among variables of interest are interest rates, employment growth, real estate valuations, and a variety of leading economic indicators. Among the segments poised to be most impacted in 2025 and likely beyond is the nation's construction sector. Tariffs have already driven the prices of key inputs like steel and aluminum higher, causing construction delivery costs to rise as the economy slows, state budgets tighten, and interest rates remain elevated.