Highlights from the week of October October 17 – October 23, 2025.

This week, U.S. bond and equity markets moved higher on Fed easing expectations, favorable inflation data, and double-digit earnings growth (so far).

Lower interest rates, solid early corporate earnings reports, and calmer talk about trade between the U.S. and China improved investor sentiment and helped U.S. stocks bounce back after a rough start to October.

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Renewed trade tensions between the U.S. and China drove stocks lower while the continuation of the government shutdown elevated concerns.

Highlights from the week of October 3 – October 9, 2025.

Global growth slows under the weight of tariffs, but fiscal stimulus, AI-driven productivity, and corporate strength keep equities in the driver’s seat.

Voya’s investment leaders debate the Fed rate cycle, policy questions, and the widening effect of AI’s massive, global buildout.

Despite the shutdown, markets were more focused on labor and the probability of more rate cuts.

High starting yields should continue to provide a buffer against potential turmoil, and episodic bouts of volatility should present attractive opportunities.