Economic market update: Inflation, debt, hawkish Fed
Each month, UMB Chief Investment Officer Eric Kelly and the UMB investment management team share economic insights and market impacts from the past several weeks.
Economic analysis of Q1: The war, oil and consequences for the markets
The first quarter of 2026 witnessed a truly amazing mix of geopolitical and market events in rapid succession. Read our current economic analysis.
2026 Economic outlook: The K factor
Economic growth was surprisingly robust last year. However, the Fed was facing some challenges. Read more about our 2026 economic outlook, The K factor.
Q3 2025 economic update: Another brick in the wall of worry
Read our latest economic check-in that covers factors from Q2 2025 and analyzes the unexpected events in the geopolitical arena and financial markets.
This time really is different: UMB’s 2025 economic outlook
Here, we reflect on the robust return of the financial markets in the past year and share our 2025 economic outlook.
October economic update: More uncertainty, but better news
We had an amazing ride during the third quarter of 2024. The economy is more stable, but there are still concerns about the labor market.



