Market Minutes Recap - Market Update (Perspectives on CPI inflation, retail sales, the earnings market, rate cuts, and municipal bonds)

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 CPI inflation, retail sales, the earnings market, rate cuts, and municipal bonds.

Speakers:

Brian Pietrangelo, Managing Director of Investment Strategy
Rajeev Sharma, Head of Fixed Income
Stephen Hoedt, Head of Equities
Patrick Grady, Senior Fixed Income Portfolio Manager

02:00 – The Consumer Price Index (CPI) for the month of January was reported at 3.1% year-over-year. The 3.1% figure was higher than expected and month-over month data also increased, rather than decreasing

03:22 – As the holiday season has come to an end, we see overall retail sales for the month of January decline -0.8% month-over-month from December

04:27 – While the CPI and retail sales figures have declined, we share comments on the earnings season and what to expect as it warps up for Q4:2023

09:15 – Remarks on the continued discussion surrounding inflation and Fed rate cut expectations

12:56 – Comments on the municipal bond market

Additional Resources:
Key Questions: What Do We Mean By “A Return to the Old Normal”? | 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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