In this week's jam-packed Market Minutes recap, hear from our team of experts as they share their perspectives on the latest economic reports. Our panel shares detailed insights into the initial unemployment claims, CPI data, next week’s FOMC meeting, the bond and equities markets.
Speakers:
Brian Pietrangelo, Managing Director of Investment Strategy
George Mateyo, Chief Investment Officer
Rajeev Sharma, Head of Fixed Income
Stephen Hoedt, Head of Equities
02:21 – Initial unemployment claims for the week ending December 7 were reported at 242,000
02:51 – The Consumer Price Index was released and is higher than expected; CPI data for November shows a 0.1% increase from October reported at 2.7% year-over-year
04:02 – Comments on this week’s economic data and how the Federal Reserve (Fed) may decide on interest rates during the next week’s FOMC meeting following the data releases
07:31 – Based on the CPI data, the bond market is anticipating a 25 basis point rate cut at next week’s FOMC meeting. We can also expect a summary of the Fed members’ 2025 economic projections
11:20 – Remarks on what is forecasted next year in the equities market based on the Fed and this year’s economic data pattern; equities such as cyclicals and other sectors that may benefit from less regulation amid the new U.S. presidential administration taking office
16:10 – Final comments on additional investment content available on www.key.com/wealthinsights.
Additional Resources
Key Questions: Investment Manager Outperformance: Skill vs. Luck | Key Private Bank
Key Questions | Key Private Bank
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