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Investment Weekly

A rate cut rally in Q3
03 October 2025

    Chart of the week – A rate cut rally in Q3

    Chart of the week – A rate cut rally in Q3

    Coming into the third quarter of 2025, tariff uncertainty was still a troubling concern for policymakers and investors. But as summer wore on, policy uncertainty faded, and attention turned to the AI boom, resilient profits, and a resumption of Fed rate cuts as drivers of market returns. That contributed to a strong quarter for many asset classes.

    More from this week:

    Market Spotlight

    • Resilient growth?

    Lens on…

    • AI and broadening out
    • Dollar dynamics
    • Running of the bulls

    Read the full commentary PDF, 3.34MB