Audio commentary: Unraveling the uncertainties

In 2025, global equity markets may be able to add to the remarkable gains of the past two years. That will require economic and earnings pictures that don’t falter.

A more complex equity landscape and the potential for Fed policy shifts mean investors will need to be nimble in 2025.

Global central banks this month have offered something for everyone from further interest rates hikes in Japan to rate cuts in Canada and Europe, while the Federal Reserve remained motionless.