Focus — July 25, 2025

The Golden State Still Has Some Glitter

Scott Anderson, Ph.D, Michael Gregory, CFA and Priscilla Thiagamoorthy

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Award-Winning Forecasting in 2023 by BMO Economics:

#1 U.K. Pound
(among 28 global firms)
#3 Euro Area policy rates
(2^nd year in a row)
(among 24 global firms)
— Focus Economics Survey, May 2024

Talking Points — July 25, 2025

All Quiet on the Crazy Train

Douglas Porter, CFA, Chief Economist