Global marketsUpdated Yesterday

The outlook warns that 2027 may bring a tougher backdrop

Semafor’s report cautions that this year may be as good as it gets for a while. It points to an AI trade that is starting to sour and rising interest rates, while last week’s Democratic gains could darken the backdrop for 2027. Those are risks, not settled outcomes, but they make the next year look less certain than the current bonus forecast. The bright outlook for year-end pay is arriving alongside questions about what follows.

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