Market Minutes Recap - Market Update (Perspectives on the GDP report, the PCE inflation report, Federal Reserve member speeches this week, and KeyBank’s upcoming National Call)

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 GDP report, the PCE inflation report, Federal Reserve member speeches this week, 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

01:19 – The second estimate for the third quarter GDP report revealed an overall increase of 5.2% for the quarter on an annualized basis.

03:17 – As inflation continues to slow, Core PCE dropped from 3.7% in September to 3.5% in October.

04:02 – Comments on disinflation regarding prices rising but at a slower pace.

07:30 – Reactions to the market shift due to November’s record-breaking financial trends.

11:52 – Remarks on Fed Governor, Chris Waller’s, speech explaining that although the inflation rate is outside the 2% target the Fed anticipates, Waller is confident the policies in place will continue to slow inflation and achieve the target rate.

18:07 – Final comments highlighting KeyBank Wealth Institute’s upcoming National Call.

Additional Resources:
Key Questions: If the Fed is Done Raising Rates Should I Buy Bonds? | Key Private Bank
Key Questions | Key Private Bank
Key Private Bank Investment Brief | Key Private Bank
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