2025 Commerce Trust Economic & Market Midyear Outlook

Cooling Economy  |  Counting on Resilience   The economic momentum seen at the start of the year did not last after a collision of headwinds quickly transformed the market. As we watch impacts of the tariffs play out alongside rising inflation and a diminishing dollar, recession risk looms, but may be kept in check for now.  The United States’ status as a safe haven for global capital has come under scrutiny. Equities are facing a challenging environment with sustained market volatility and a pullback