Market Environment Standard Report First Quarter 2025

This document is a Standard Report detailing the market environment for the first quarter of 2025. It outlines the economic conditions in the US and Europe, noting a softening US economy amid tariff uncertainties, while the European economy shows signs of growth due to stimulus measures. The report indicates a slight decrease in US inflation, with the headline Consumer Price Index (CPI) at 2.4% year-over-year and core CPI at 2.8%. The Federal Reserve's cautious stance is highlighted, with expectations of two rate cuts for the remainder of 2025. Additionally, the report discusses geopolitical tensions, including negotiations between the US, Russia, and Ukraine, and conflicts in the Middle East. It further documents the performance of global equity markets, which declined due to tariff implementation and economic uncertainty, and presents various economic indicators, including labor market conditions and inflation forecasts. The report concludes with a summary of market performance metrics and trends observed during the quarter.