Market Minutes Recap - Market Update (Perspectives on the Retail Sales report, CPI inflation, rate cuts, the equities market, and the one-year anniversary of 2023 banking sector disruption)

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 Retail Sales report, CPI inflation, rate cuts, the equities market, and the one-year anniversary of 2023 banking sector disruption.

Speakers:

Brian Pietrangelo, Managing Director of Investment Strategy

George Mateyo, Chief Investment Officer
Rajeev Sharma, Head of Fixed Income
Steve Hoedt, Head of Equities
Ester Lau, Senior Credit Analyst

01:38 – According to the Census Bureau, Retail Sales increased 0.6% for the month of February, however January’s figures were revised downward from -0.8% to -1.1%

02:33 – The Consumer Price Index (CPI) inflation report showed an increase of 0.4% for the month-over-month in February and 3.8% year-over year in February

06:55 – While the CPI data were hotter than expectations, the big question we can assume the Fed is facing is does the CPI data alter any decisions for 2024 rate cuts?

09:59 – Remarks about the CPI data’s effect on the equity market; much of the market seems to be in a “sweet” spot

13:57 – A look back to a year ago as March marks the one-year anniversary since the collapse of a few notable banks in 2023

Additional Resources:
Key Questions: Is the Tax Preference for my 401(k) Safe? | Key Private Bank
Key Questions | Key Private Bank
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