Uncertainties around U.S. policies may slow global economic growth modestly in 2025, according to major brokerages. They expect U.S. President-elect Donald Trump's proposed tariffs to fuel volatility across global markets, spurring inflationary pressures and, in turn, limiting the scope for major central banks to ease monetary policy.

Citigroup Inc. said Kate Moore, a portfolio manager at BlackRock Inc., will join its Citi Wealth business as chief investment officer.

The former head of thematic strategy for BlackRock’s global allocation team will join Citi’s wealth business as chief investment officer.