December 5, 2025
Global Takeaways
Disinflation is progressing but uneven across regions
- Inflation is easing in the U.S., Europe, and Canada.
- The pace differs by region, meaning central banks are not aligned on when rate cuts will begin.
The world economy is operating at two speeds
- Services sectors continue to expand while manufacturing remains weak.
- Growth momentum is uneven, requiring sector-specific investment strategies.
Central banks are approaching, but have not yet reached, a rate-cut pivot
- Markets expect easing in 2025, but timing varies: the Fed may cut earlier, the ECB faces sticky services inflation, and the BoC remains on pause.
- This policy divergence creates both opportunities and risks across currencies, fixed income, and equities.
To read the full article and additional client content, register or sign in below:
Important Information:
Warren Gerow is an independent investment wealth consultant at Sightline Wealth Management.
Any views or expressions of an opinion is subjective to the speaker and does not constitute a recommendation. Sightline Wealth Management cannot guarantee the accuracy or timeliness of such information
Sightline Wealth Management LP (“Sightline”) is an investment dealer and is a member of the Canadian Industry Regulation Organization (CIRO) and the Canadian Investor Protection Fund (CIPF). Sightline provides management and investment advisory services to high-net-worth individuals and institutional investors.
Sightline Wealth Management LP is a wholly owned subsidiary of Ninepoint Financial Group Inc. (“NFG Inc.”). NFG Inc. is also the parent company of Ninepoint Partners LP, it is an investment fund manager and advisor and exempt market dealer. By virtue of the same parent company, Sightline is affiliated with Ninepoint Partners LP. Information and/or materials contained herein is for information purposes only and does not constitute an offer to sell or solicitation to purchase securities of any issuer or any portfolio managed by Sightline Wealth Management or Ninepoint Partners, including Ninepoint managed funds.
Sightline Wealth Management (“Sightline”) makes every effort to ensure that the information has been derived from sources believed to be reliable and accurate. However, Sightline assumes no responsibility for any losses or damages, whether direct or indirect, which arise out of the use of this information. Sightline is not under any obligation to update or keep current the information contained herein. The information should not be regarded by recipients as a substitute for the exercise of their own judgment. Past performance is not indicative of future performance. Please speak to your Advisor regarding the suitability of information provided in this article for you. The opinions, estimates, projections and/or recommendations contained in this document are those of the author as of the date hereof.