Market Minutes Recap - Market Update (Perspectives on unemployment claims, fourth quarter GDP, PCE inflation, the upcoming FOMC meeting, and the earnings 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 unemployment claims, fourth quarter GDP, PCE inflation, the upcoming FOMC meeting, and the earnings market.

Speakers:

Brian Pietrangelo, Managing Director of Investment Strategy
George Mateyo, Chief Investment Officer
Rajeev Sharma, Head of Fixed Income
Stephen Hoedt, Head of Equities

01:11 – Initial unemployment claims were 214,000 for the week ending January 20th; Though it was an uptick from the prior week, unemployment claims have stayed consistent around 220,000 for the last 6-9 months

02:20 – December’s PCE inflation report was released coming in at 2.6% year-over-year, which remained the same as in November; but Core PCE came in lower than the previous month, at 2.9%, which is favorable

06:27 – Comments on the anticipated FOMC meeting next week and what we can expect Fed Chair Powell to discuss

11:22 – Along with record highs the S&P 500 has been making, we provide comments about the earnings market as the numbers still look to be headed in an upward trajectory.

Additional Resources:
Key Question: What Should Investors Know About India's Economic Rise? | Key Private Bank
2024 Outlook: On the Road (Back) to the Old Normal | Key Private Bank
Key Questions | Key Private Bank
Key Private Bank Investment Brief | Key Private Bank
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