Market Minutes Recap - Market Update (Perspectives on CPI inflation data, the stock market, and next week’s FOMC meeting)
Manage episode 439765472 series 2815319
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 CPI inflation data, the stock market, and next week’s FOMC meeting.
Speakers:
Brian Pietrangelo, Managing Director of Investment Strategy
George Mateyo, Chief Investment Officer
Stephen Hoedt, Head of Equities
01:54 – The Bureau of Labor and Statistics overall Consumer Price Index (CPI) reported inflation at 0.2% for month-over-month in August. Likewise, the CPI reported core inflation at 0.3%
03:06 – The stock market has had a substantial week, and the S&P 500 has rebounded to be within 50 points of nearing an all-time-high
05:31 – Comments on ‘Big Tech’ recovering this week in the market as we saw some pull back in prior weeks, leaving utilities to take the lead as the top performer
07:50 – As Consumer Price Index, Producer Price Index, and initial unemployment claims data were released this week, this seems to be an ideal setup for the anticipated rate cut at next week’s Federal Open Market Committee (FOMC) meeting
Additional Resources
Key Questions | Key Private Bank
Subscribe to our Key Wealth Insights newsletter
Economic & Market Research
Weekly Investment Brief
Follow us on LinkedIn
145 эпизодов