Market Minutes Recap - Market Update (Perspectives on existing-home sales, the FOMC meeting, rate cuts, The Wealth Effect, and the equities market)

In this week's Market Minutes recap, hear from our team of investment experts as they share their perspectives on the latest market and economic activity. Our panel shares detailed insights into existing-home sales, the FOMC meeting, rate cuts, The Wealth Effect, and the equities market.

Speakers:

Brian Pietrangelo, Managing Director of Investment Strategy

Cindy Honcharenko, Director of Fixed Income Portfolio Management
George Mateyo, Chief Investment Officer 
Rajeev Sharma, Head of Fixed Income
Steve Hoedt, Head of Equities 

01:42 – For the month of February, existing-home sales surged 9.5% month-over-month, and this level of an increase has not been seen since February of 2023 

03:06 – Comments on the FOMC meeting that took place earlier in the week, resulting in the Fed deciding they will keep rates unchanged

07:52 – During the FOMC meeting, the Fed revealed the Dot Plot and its Summary of Economic Projections. This came as a relief for the market as it signified the Fed continues to forecast three rate cuts for 2024 instead of only two

11:52 – Though the FOMC meeting did not discuss The Wealth Effect, we hear comments surrounding this concept

14:59 – Remarks about the FOMC meeting’s influence on the equities market  

Additional Resources:

Key Questions: Are Renewed Banking Fears Something to Fear? | Key Private Bank

Key Questions | Key Private Bank
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