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Market Minutes Recap - Market Update (Perspectives on the Consumer Price Index of inflation, Retail Sales, Congress’s decision on government spending, and KeyBank’s upcoming National Call)
Manage episode 384334560 series 2815319
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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 the Consumer Price Index of inflation, Retail Sales, Congress’s decision on government spending, and KeyBank’s upcoming National Call on our 2024 economic and market outlook.
Speakers:
Brian Pietrangelo, Managing Director of Investment Strategy
George Mateyo, Chief Investment Officer
Rajeev Sharma, Head of Fixed Income
Stephen Hoedt, Head of Equities
01:29 – According to the Consumer Price Index (CPI), the year-over-year inflation rate decreased from 3.7% in the month of September to 3.2% in October.
02:09 – The CPI shelter inflation index reported a decrease from 7.2% in the month of September to 6.7% in October.
03:34 – While a government shutdown seems to be averted, Congress will continue to deliberate on government spending into 2024.
09:35 – Based on the CPI, the market senses that the Fed is done raising rates, and even predicts that interest rate cuts may happen as soon as July.
13:35 – Despite the unexpected outcome of the 30-Year Treasury Auction last week, the market seems to be functioning appropriately.
14:37 – Final comments highlighting Key Wealth Institute’s upcoming National Call, scheduled for December 6.
Additional Resources:
Key Questions: What Can We Learn about Investing from the Legacy of Bobby Knight? | Key Private Bank
Key Questions | Key Private Bank
Key Private Bank Investment Brief | Key Private Bank
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