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 Beige Book report, PCE inflation, the ECB, the equities market, our perspective on international markets, and Key Wealth’s upcoming National Call.

Speakers:

Brian Pietrangelo, Managing Director of Investment Strategy

Donald Saverno, Director of Multi-Strategy Research
Rajeev Sharma, Head of Fixed Income
Stephen Hoedt, Head of Equities

01:38 – The Fed’s Beige Book report was released highlighting economic activity, retail spending, credit standards, and employment

03:33 – The overall Personal Consumption Expenditures (PCE) inflation index for April came in at 2.7% year-over-year, and the Core PCE inflation index reported 2.8% year-over-year. Both data points remained the same from March

04:42 – Following the release of the PCE inflation index, we hear comments on what we can expect regarding anticipated rate cuts from the Fed for the remainder of the year

08:25 – Remarks on the European Central Bank (ECB) potentially administering a rate cut before the U.S. Federal Reserve

09:24 – Since NVIDIA has reported their earnings in the week prior, the equities market has increased trading efforts and looks to be experiencing a small pause

13:06 – Comments on the qualitative and quantitative data that shows the outperformance of U.S. markets vs. international markets and why remaining diversified in non-US equities can be valuable over the long-term

17:34 - Final remarks about continuing to stay focused on quality portfolios and staying diversified, along with Key Wealth’s upcoming National Call on Wednesday, June 5th

Additional Resources

Key Questions: How Much Longer Can the US Consumer Carry the Economy? | Key Private Bank

Key Questions | Key Private Bank
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