3Q 2025 Investment Perspectives Webcast

October 31, 2025

Thank you for joining us for Meketa’s Q3 2025 Market Outlook Webinar.

Richard O’Neill, Chair of Meketa’s Global Macroeconomic Investment Committee, and Nick Erickson, Managing Principal and Consultant, shared their perspectives on the forces shaping markets this fall.

The discussion explored several important themes:

Earnings & Equities: Despite tariffs, US companies delivered strong results, with guidance pointing toward solid EPS growth.
Federal Reserve Outlook: Expectations of rate cuts remain in focus, with inflation trends, labor markets, and Fed independence driving uncertainty.
Fiscal Dynamics: Concerns around deficits, issuance, and the broader fiscal trajectory continue to influence the Treasury market.
Tariffs & Trade Policy: Monthly revenues near $30 billion raise questions about who ultimately bears the cost.
AI & Productivity: While the “Mag 7” and data center buildouts support growth, energy demand looms as a key challenge.
Key Takeaways: The US economy appears poised to slow but avoid recession, while markets may benefit from stable consumption, Fed support, and AI-driven productivity gains.

WATCH HERE