Market Minutes Recap - Market Update (Perspectives on The Employment Cost Index, the FOMC meeting, and the bond and equities market)

Key Wealth Matters

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 Employment Cost Index, the FOMC meeting, and the bond and equities market.

Speakers:

Brian Pietrangelo, Managing Director of Investment Strategy
Cindy Honcharenko, Director of Fixed Income

George Mateyo, Chief Investment Officer
Rajeev Sharma, Head of Fixed Income
Stephen Hoedt, Head of Equities

02:07 - The Employment Cost Index revealed for the quarter ending March 2024 that wages and salaries were up 4.4% year over year

04:12 – Comments on this week’s FOMC meeting; the Fed decided to leave rates unchanged, as expected, and the Federal Funds target rate will remain at 5.25% – 5.50%

08:23 – Remarks on the bond market’s reaction after the recent FOMC meeting, confirming the Fed is likely to consider only one rate cut in 2024

10:27 – Comments on The Fed’s stance on the economy currently and where we can expect the Fed to pivot

13:09 – As we have seen a lot of back-and-forth within the market, we hear how the FOMC meeting will influence the stock market and earnings

Additional Resources

Key Questions: How Do Recent Changes to the FDIC Insurance Coverage Limits Affect My Deposits? | Key Private Bank
White paper: An Introduction to Investing in Private Credit | Key Private Bank

Key Questions | Key Private Bank
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