Markets & Economy : July 03, 2025

Midyear investing perspectives

Global tariff discussions have played a dominant role in shaping the economic outlook both in the U.S. and abroad. In this short video, Kevin Khang, Vanguard senior international economist, explains their impact and addresses other key investing themes.
For more insights on our midyear outlook, including our forecasts, go to our economics and markets hub.

Notes:

  • All investing is subject to risk, including the possible loss of the money you invest.
  • Be aware that fluctuations in the financial markets and other factors may cause declines in the value of your account. There is no guarantee that any particular asset allocation or mix of funds will meet your investment objectives or provide you with a given level of income.
  • Diversification does not ensure a profit or protect against a loss.
  • Investments in bonds are subject to interest rate, credit, and inflation risk.