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

Equity and bond prices rose as the markets attempted to digest the impact of Trump’s policies.

​​Recent liquidity events related to portfolio companies in which PIF invests through its private equity holdings​.

Inflation is cooling, the economy is resilient and starting yields offer a cushion against further rate volatility—there’s a lot to like about fixed income in 2025.

In this time warp of a market, thanksgiving feels like it was a blip on the radar from months ago.

As we wrap up the first month in 2025, the global economic landscape continues to be weighed down by policy uncertainty. According to the latest Chief Economists Outlook from the World Economic Forum, 56% of chief economists expect weaker global economic conditions in 2025, compared to only 17% expecting improvement. But what about the U.S.?

Equities and bonds rose as mixed economic data and 4Q24 earnings dominated headlines.

Equities and bonds rose as mixed economic data and 4Q24 earnings dominated headlines.

December’s surprisingly strong jobs report has reignited concerns about the U.S. economy’s trajectory. Is this a sign that the economy risks reaccelerating and overheating? What does this mean for the Federal Reserve’s plans for monetary policy in 2025, and for investors?

Robust economic data and expectations for fewer rate cuts this year hurt equities as bond yields rose.