The U.S. economy remains on track in 2025—growth is strong, credit markets are healthy, and liquidity is abundant.
- Momentum: Q2 GDP rose 3.3% annualized, powered by consumer demand and business investment.
- Jobs & Consumers: Unemployment steady near 4%; wages and inflation remain manageable; household balance sheets resilient.
- Credit & Corporates: Margins elevated, delinquencies low, and nearly $1T in lending capacity across banks and private credit. Investor appetite strong with IG yields easing and HY spreads near cycle lows.
- M&A: Activity is concentrated in mega-deals ($10B+) across tech, healthcare, and infrastructure, supported by healthy financing.
Outlook: With liquidity plentiful and policy flexible, the U.S. market remains positioned for continued expansion through 2025.
Bottom Line: Growth, credit strength, and deal flow define the landscape—conditions remain constructive for measured risk-taking.
👉 Read our latest U.S. Credit Report for full insights and updates.