Monthly Market Review
U.S Overview
Despite high prices and global uncertainty, the U.S. economy stayed strong in October. Companies continue to invest heavily in artificial intelligence (AI), helping to boost productivity and keep the economy from slowing down. The Federal Reserve cut interest rates at the end of the month to support growth and ease borrowing costs for businesses and consumers.
Stock markets responded positively: major U.S. indexes rose during the month, with technology companies leading the way. Lower interest rates also helped bonds, as yields fell for the first time in several months.
International Overview
Overseas, Europe saw signs that inflation is finally cooling, while Asia’s growth remained mixed. China’s factories are producing more goods again, but spending among Chinese consumers remains slower than hoped. A weaker U.S. dollar helped many emerging-market economies, but some countries are still struggling with debt payments and higher borrowing costs.
Even with these challenges, the global financial system remains stable, and many central banks are expected to keep policies steady or begin cutting rates next year.
What does this mean for you?
In October 2025, our portfolios experienced another positive month as markets continued to respond favorably to optimism around artificial intelligence, easing inflation, and a more supportive stance from the Federal Reserve. The Fed’s late-month rate cut and signs of moderating inflation gave investors renewed confidence, leading to steady gains across most major stock indexes. U.S. equities, particularly large technology companies, performed well, and that strength was reflected in our diversified and fossil-free portfolios, which rose between about 1% and 1.5% for the month.
Continued Diligence
As we head into the final quarter of 2025, Faith Foundation and our asset management partners continue to actively monitor evolving geopolitical and economic conditions to safeguard our clients’ interests. Our portfolios remain positioned for long-term growth and short-term liquidity. We maintain a disciplined approach to long-term value creation and prudent short-term liquidity management.
Thank you for your continued trust and support. It is our privilege to be stewards of your financial assets.
Sincerely,
The Faith Foundation Team