Macro views

Investment outlook: Loomis Sayles

October 14, 2025 - 10 min

Global central banks are attuned to the risk of overly restrictive policies, which opens the door to additional interest rate cuts and a possible economic acceleration into 2026, according to Loomis, Sayles & Company’s Global Macro Strategist, Credit, Craig Burelle. Which sectors may benefit, along with other macroeconomic drivers, are analyzed.

Highlights

Macro drivers: US corporates delivered strong earnings in Q3, with consumers still spending in a somewhat elevated inflation regime. Outside the US, a pickup in global growth and a slightly weaker US dollar should support global credit and equity markets.
Corporate credit: Credit market resilience looks likely to persist given strong fundamental expectations and minimal signs of excessive leverage across industries.
Global equities: A global bull market appears to have staying power. Artificial intelligence-driven capital expenditure is a lasting theme that should help propel equity markets and domestic investments for years to come.
Currencies: Strong foreign currency performance may continue at a less robust pace than realized year to date.

Loomis Sayles Investment Outlook

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This material is provided for informational purposes only and should not be construed as investment advice. The views and opinions expressed may change based on market and other conditions.

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