The Walter E. Hoadley Annual Economic Forecast, presented by Bank of America.

Major changes are coming to tax, tariff, and regulatory policy in the wake of the November 2024 election. What impact will the new administration and Congress have on the economy in 2025? Will inflation be a big factor? How will our international trade fare? And will unemployment and consumer spending continue on their current paths?

Our expert panel—including John H. Cochrane, the Rose-Marie and Jack Anderson Senior Fellow at the Hoover Institution; Mary Daly, the president and CEO of the Federal Reserve Bank of San Francisco; Susan Hyde, Robson Professor in the Travers Department of Political Science and co-director of the Institute of International Studies at UC Berkeley; Baie Netzer, senior investment strategist for Bank of America Private Bank; Adam Lashinsky, editor-at-large for The San Francisco Standard and contributing columnist for The Washington Post (moderator)—will give you insight to help you better understand the trends, policies, dangers and opportunities that lie ahead for your business and your wallet in 2025.