US EconomyOct. 02, 2025 12:45 AM ETACTV, AFMC, AFSM, ARKK, AVUV, BAPR, IVOO, IVOV, IVV, IVW, IWC, IWM, IWN, IWO, IWP, IWR, IWS, IYY, QQQ, SPLV, SPMD, SPMO, SPMV, SPSM, SPUS, SPUU, SPVM, SPVU, SPXE, SPXL, SPXN, SPXS, SPXT, SPXU, SPXV, SPY, SPYD, SPYG, SPYV, SPYX, SQEW, SQLV, SSO, SSPY, SVAL, SYLD, TMDV, TPHD, TPLC, TPSC, UAUG, UJAN, UMAR, UMAY, UOCT, UPRO, USMC, USMF, USVM, MAGS, TLT, TLH, EDV, SPTL, ZROZ, VGLT, LGOV, SCHQ, TFJL, TBJL, GOVZ, TBT, TMV, IEF, SHY, TBF, TMF, PST, TTT, IEI, BIL, TYO, UBT, UST, UTWO, VGSH, SHV, VGIT, GOVT, SCHO, TBX, SCHR, GSY, TYD, VUSTX, SYSB, GBIL, SGOV, SPTS, UDN, USDU, UUP, RINF, AGZ, FTSD, LMBS, WTAI, THNQ, LRNZ, AIQ, UBOT, ARTY, ROBT, ROBO, BOTZ, ARKQ, ANEW, KOMP, DTEC, IGPT, AIBUManning & Napier667 FollowersAs a starting point, the bond market is currently pricing in four rate cuts by the middle of next year, with a high probability of two more this year in October and December.Growth in the US remains resilient, with consumption and non-residential investment acting as the key pillars of support.This, in turn, would ordinarily be expected to provide a degree of relief to rate-sensitive parts of the economy, such as housing and small businesses.Mindstyle/iStock via Getty ImagesFollowing a nine-month pause, the Federal Reserve resumed its rate-cutting cycle, lowering the federal funds rate by another 25 basis points in September. In doing so, Jerome Powell acknowledged the upside risks to inflation, but also discussed at length theThis article was written byManning & Napier667 FollowersManning & Napier (NYSE: MN) provides a broad range of investment solutions through separately managed accounts, mutual funds, and collective investment trust funds, as well as a variety of consultative services that complement our investment process. Founded in 1970, we offer equity and fixed income portfolios as well as a range of blended asset portfolios, such as life cycle funds, that use a mix of stocks and bonds. We serve a diversified client base of high-net-worth individuals and institutions, including 401(k) plans, pension plans, Taft-Hartley plans, endowments and foundations. For many of these clients, our relationship goes beyond investment management and includes customized solutions that address key issues and solve client-specific problems.CommentsRecommended For You