On December 17, 2025, Chief Investment Officer Brent Ciliano, Senior Director of Market and Economic Research Phillip Neuhart, and Market and Economic Research Analyst Blake Taylor delivered our 2026 Market Outlook.

After weathering a tumultuous start to the year, the US economy and financial markets are ending 2025 close to the consensus expectations from a year ago. Where do interest rates go from here? Will markets see more volatility next year? What are the headwinds and tailwinds for 2026 and beyond?

Learn more in the 2026 Market Outlook companion commentary: https://www.firstcitizens.com/content/dam/firstcitizens/pdfs/wealth/market-outlook/2025/2026-market-outlook.pdf