The OECD forecasts U.S. economic growth of 2% this year and 1.7% next year, a slight upgrade from previous projections. Global economic growth is projected to slow to 2.9% next year from 3.2% this year, with risks from increased trade barriers.
Deal value in the U.S. so far this year is up more than 40% from the same period in 2024 to about $1.9 trillion. And there have been roughly twice as many deals valued above $10 billion than in the same period in 2024.
The dollar-denominated value of outstanding loans from centralized crypto lenders and decentralized lending platforms ballooned to a record high around $74 billion at the end of September, exceeding the previous record of $69 billion set in the fourth quarter of 2021.
Consumer sentiment declined in November, with the index falling from 53.6 to 50.3. The reading is now just slightly above the levels that sentiment sank to amid the historic inflation that hit in 2022 during the Covid-19 pandemic, making it among the lowest results recorded in the survey’s decades of history.
Americans gained more than $63 trillion dollars in wealth from the first quarter of 2020 through the second quarter of 2025. Real-estate wealth rose more than 61% during that span, while wealth from stocks and mutual funds went up 127%.
The top 10% of earners accounted for 49.2% of national spending in the second quarter of 2025, a record high, with their spending up 4.4% year-over-year.
JPMorgan Chase said that it tokenized a private-equity fund on its blockchain platform, an offering that is available to the wealthy clients served by its private bank. The move comes ahead of JPMorgan’s broader rollout next year of its fund tokenization platform, Kinexys Fund Flow. Tokenization lets the bank offer clients a digital representation of the ownership of an asset that lives on a blockchain ledger.
