Sigma Signals

Week of November 3, 2025

Our U.S. Interest Rate Signal has shifted from yellow to green. Following the recent 25-basis-point cut in the federal funds rate announced by Fed Chair Powell, the yield curve is positively sloped and U.S. Treasury yields have declined across all maturities compared with a year ago. These developments indicate that near-term economic growth prospects remain positive.

Bob Bilkie, CFA