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2025 Q4 Commentary by Philip Chao

Philip Chao’s Q4 2025 commentary examines a still-fragile economy marked by a deepening K-shaped divide, persistent tariff pressures, and inflation that remains above the Fed’s target. He highlights the quiet weakening within the labor market, rising costs beginning...

2025 Q3 Commentary by Philip Chao

Philip Chao’s Q3 2025 commentary provides a clear-eyed view of the evolving economic landscape—where persistent inflation, slowing growth, and policy uncertainty continue to shape market behavior. He explores the growing disconnect between consumer confidence and GDP...

2025 Q2 Commentary by Philip Chao

Philip Chao’s Q2 2025 commentary offers a high-level look at the rapidly shifting economic landscape—marked by ongoing inflation pressure, interest rate volatility, depreciating dollar, and sweeping tariff policy changes. He highlights the challenges and likely...