Q4 2025 Quarterly Economic Update

last updated on Tuesday, March 24, 2026 in Strategies

The FHLB Des Moines Economic Update provides an update on U.S. economic activity each quarter. 

After a delay due to the government shutdown, the deck is back to check out the latest trends in housing, employment, inflation, GDP, and other relevant economic indicators. Overall, the economy expanded at a slower pace during the fourth quarter, with exports and government spending dragging down growth. Some key themes from the quarter include a down year for job growth, a mixed year for the housing sector, and inflation remaining stubborn. 

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