Given the multitude of conflicting factors currently impacting the economy, it is challenging if not impossible to forecast its future trajectory. The post-election optimism, inspired by expectations of reduced regulation and lower taxes for small businesses, has waned somewhat due to increased uncertainty surrounding domestic and trade policies. Concerns about demand and input costs have led to less confidence in planning and more cautious capital spending. No doubt, the time calls for a steady hand and patience. Fortunately, the robust economic growth experienced in North Texas over the past decade positions the region well to weather many market headwinds.
We wish you the best for 2025 and hope that our economic update is useful to you.
Please let us know how we can help you and your business navigate these uncertain times and achieve your goals in 2025 and beyond.
Traci Spratt, CPA- Chief Financial Officer
Texas Security Bank