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Commentary


Market Recap – Q4 2025, “SHUTDOWN”
The United States experienced the longest federal government shutdown on record, beginning in October and stretching into mid-November. That disruption temporarily halted key economic data releases and brought uncertainty into markets and policy late in the year. When the dust settled, final estimates showed growth in the economy for the third quarter of 2025. The BEA third estimate of Q3 Real GDP was 4.4%, reflecting an increase in exports and government spending. Core and

Cole Maartmann
Feb 9
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