Growth in the United States and East Asia is likely to slow over the next several months before policy stimulus drives a rebound in early 2026. The Fed is almost certain to cut the Fed Funds rate by 25 basis points (bps) at its October meeting, and we expect another 25bps cut in December. In Asia, we expect several central banks to cut rates further this year and in the first half of 2026. The positive impact of these cuts on Asian economies and earnings should extend into the second half of 2026. Eastspring’s Multi-Asset Portfolio Solutions (MAPS) team continues to hold a broadly positive view on risk assets in the near term, as the economic data remains supportive, looking out till the end of 2025.
Read Eastspring’s Q4 2025 Outlook
