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August 2025

by Doug Peta, Chief Strategist   Jonathan LaBerge, Chief Strategist Special Reports Unit  

In Section I, Doug weighs the recent reduction in trade uncertainty against the clear signs of labor market and consumer weakness. In Section II, Jonathan reviews the US fiscal outlook in the wake of the passage of the OBBBA.

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BCA Research | The Bank Credit Analyst

The Bank Credit Analyst has been published continuously since 1949, covering developments in the US and global economy, with a focus on inflation, debt, and policy trends in order to generate investment advice.

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