Key Wealth Matters

In this week's jam-packed Market Minutes recap, hear from our team of experts as they share their perspectives on the latest economic reports. Our panel shares detailed insights into the U.S. Consumer Confidence report, GDP, PCE inflation, equities, the credit market, and municipal bonds.

Speakers:
Brian Pietrangelo, Managing Director of Investment Strategy
Rajeev Sharma, Head of Fixed Income
Stephen Hoedt, Head of Equities
Tim McDonough, Director of Fixed Income Portfolio Management

03:20 – The Conference Board’s U.S. Consumer Confidence report was released and showed a decline in overall consumer confidence due to factors such as the stock market, inflation, and others
03:58 – The final estimate of Gross Domestic Product (GDP) for the fourth quarter 2024 was reported at 2.4%, slightly revised up from prior estimates 
04:41 – The Bureau of Economic Analysis reported Core PCE inflation at 0.4% month-over-month in February, as well as 2.8% year-over-year, both unfavorable
06:11 – Comments on the equities market and how the market’s volatility is influencing investors’ thinking surrounding trades
11:31 – Though the recent PCE inflation report was less than favorable, the credit markets, investment grade and high yield bond spreads don’t seem to be adversely affected by the reading, as of now
15:22 – Remarks on the municipal bond market and changing dynamics of yield opportunities for investors

Additional Resources
Key Questions: How Much Tech Do You Really Own? | Key Private Bank
Key Questions: How Do We Invest in Tech? | Key Private Bank
Key Questions | Key Private Bank
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What is Key Wealth Matters?

Key Wealth Matters, a podcast series hosted by the experts of the Key Wealth Institute, explores the biggest news of today to determine how these headlines can impact wealth plans, financial strategies, markets, and investments.

Join our team of advisors for unbiased, proactive advice about individual and family finances, estate and legacy planning, family dynamics, investing, as well as trends for business owners, nonprofits, and institutions.

To submit potential topics or questions to our experts, contact us via email at kpb_wealth_institute@keybank.com.

For more information, articles, or other insights related to wealth management, visit key.com/ourinsights.

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Key Wealth, Key Private Bank, Key Family Wealth, KeyBank Institutional Advisors and Key Private Client are marketing names for KeyBank National Association (KeyBank) and certain affiliates, such as Key Investment Services LLC (KIS) and KeyCorp Insurance Agency USA Inc. (KIA).

We gather data and information from specialized sources and financial databases including but not limited to Bloomberg Finance L.P., Bureau of Economic Analysis, Bureau of Labor Statistics, Chicago Board of Exchange (CBOE) Volatility Index (VIX), Dow Jones / Dow Jones Newsplus, FactSet, Federal Reserve and corresponding 12 district banks / Federal Open Market Committee (FOMC), ICE BofA (Bank of America) MOVE Index, Morningstar / Morningstar.com, Standard & Poor’s and Wall Street Journal / WSJ.com.

The Key Wealth Institute is comprised of financial professionals representing KeyBank National Association (KeyBank) and certain affiliates, such as Key Investment Services LLC (KIS) and KeyCorp Insurance Agency USA Inc. (KIA). Any opinions, projections, or recommendations contained herein are subject to change without notice, are those of the individual author(s), and may not necessarily represent the views of KeyBank or any of its subsidiaries or affiliates. This material presented is for informational purposes only and is not intended to be an offer, recommendation, or solicitation to purchase or sell any security or product or to employ a specific investment or tax planning strategy. KeyBank, nor its subsidiaries or affiliates, represent, warrant or guarantee that this material is accurate, complete or suitable for any purpose or any investor and it should not be used as a basis for investment or tax planning decisions. It is not to be relied upon or used in substitution for the exercise of independent judgment. It should not be construed as individual tax, legal or financial advice. Investment products, brokerage and investment advisory services are offered through KIS, member FINRA/SIPC and SEC-registered investment advisor. Insurance products are offered through KIA. Insurance products offered through KIA are underwritten by and the obligation of insurance companies that are not affiliated with KeyBank.

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