Mirus Capital AdvisorsMirus Capital Advisors

May 2025 Middle Market Monitor

Mirus is pleased to share our thoughts on recent market activity in our May 2025 Middle Market Monitor. April 2025 brought cooling inflation—a 2.3% increase on an annual basis—which was lower than economists predicted and, notably, the lowest annual inflation rate in over four years. The employment rate stayed steady at 4.2%. The Conference Board’s Expectations Index, however, recorded its lowest level (54.4) since October 2011 and is significantly below the threshold that typically signals an upcoming recession. The U.S. public markets continued to be affected by the Trump administration’s tariffs (announced on April 2, 2025) and tumultuous global trade policies.