Risk Managed Strategy Funds

John Hancock: Weekly Market Recap Week Ended September 26

September 30, 2025

GDP upgrade

The U.S. economy expanded in the spring at a faster rate than two previous estimates had shown. Thursday’s update pegged the second quarter’s annual GDP growth at 3.8%, up from estimates of 3.3% and 3.0% released in August and July, respectively. The recent growth marks a sharp turnaround from the first quarter’s slight GDP contraction.

Inflation uptick

The U.S. Federal Reserve’s preferred inflation gauge extended a recent string of slow-but-steady monthly increases. The Personal Consumption Expenditures Index rose at an annual rate of 2.7% in August, slightly above the previous month’s 2.6% figure and the highest in six months. Excluding energy and food prices, the core PCE Index rose 2.9%, matching economists’ consensus expectations.

Gold rises again

The price of gold futures climbed for the sixth consecutive week and set another record high, eclipsing $3,800 per ounce on Friday afternoon. Over the six-week string of gains, gold has risen around 14%.

Jobs ahead

A monthly labor market report due out on Friday will show whether a recent weakening trend for the labor market extended into September. In August, the economy generated 22,000 jobs—far below economists’ consensus expectations—and the unemployment rate rose to 4.3%, the highest since 2021.

 

SOURCE:  https://www.jhinvestments.com/weekly-market-recap#market-moving-news