Macro & Market Views

Quarterly Views from First Eagle Global Value Team: 3Q25

Quarterly Views from First Eagle Global Value Team: 3Q25

Goldilocks or the Bears: What Has Changed After the Rate Cut?

In this quarter's Views from the Global Value team, Portfolio Manager and Senior Research Analyst Adrian Jones  discusses how the US continues to be characterized by competing “Goldilocks” and bearish narratives following the recent rate cut, why secular forces may continue to support fundamentals in select non-US markets and how lower rates may drive deflationary pressure on the US dollar and the relative performance of US and international markets.