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SIFMA – US Economic Survey: Mid-Year 2025, Jul 2025

Summary

The main topic is the assessment of the US economic landscape and monetary policy by mid-2025.

Key findings include expectations of one or more interest rate cuts by the end of 2025, totaling 50 basis points, a core PCE inflation forecast of 3.1% by the end of 2025, and a projected real GDP growth of 0.9% in 2025, with a recession probability between 30% and 50%.

Region: North America 
Published: July 2025 
Author(s): SIFMA 
Language: English 
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