ASA Podcast: 2025 Expectations and Challenges

In the latest economic update podcast, Keith Prather, Managing Director at Armada, provides insights into the economic landscape as we move into 2025. One key focus is the potential shifts in policy direction under the new U.S. President. While the changes could bring both challenges and opportunities, the overall impact on economic growth remains uncertain. Prather discusses the projected growth rate of the economy, which may not be significantly stronger compared to past averages. He also highlights global economic headwinds that could affect growth on a broader scale.
 

Inflation is another critical topic, with questions around whether the rate will stabilize at 2.5%, which is ahead of the Federal Reserve’s original estimate. Unemployment trends are also explored, with an emphasis on whether wages will remain sticky in the coming year. Prather touches on the implications of economic expansion and increased spending, particularly how it affects ASA members. He also examines key factors like oil prices and the ongoing risks tied to tariffs, questioning whether tariffs will have a substantial impact on the economy.
 

Finally, the discussion dives into the bond market and its importance for sectors like construction, especially given its potential influence on industry growth. Prather also forecasts a mixed environment for the U.S. dollar, which will present both opportunities and challenges for businesses and trade in 2025.

LISTEN NOW