Has Consumer Spending Peaked?

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 initial unemployment claims, PCE inflation, equities, treasuries, consumer spending, and the upcoming Key Wealth National Call.   

 
Speakers:
Brian Pietrangelo, Managing Director of Investment Strategy
George Mateyo, Chief Investment Officer
Rajeev Sharma, Head of Fixed Income
Stephen Hoedt, Head of Equities

02:51 - Initial unemployment claims for week ending February 22 were reported at 242,000 

03:51 – Personal Consumption Expenditures (PCE) inflation month-over-over was reported at 0.3% for both the overall and core inflation. In addition, year-over-year for January was reported at 2.5% overall and 2.6% for core inflation

05:02 – Comments on equities and volatility that was seen from specific stocks like NVIDIA this week, but was overshadowed by fears of a recession

07:47 – Comments on treasuries, specifically the 10-year Treasury yield as it fell 30 basis points after peaking less than 20 days prior 

12:39 – Remarks on the overall consumer and how the threat of tariffs may soon be affecting consumer spending

14:56 – We hear how customer-centric companies such as Home Depot, Lowes, and Walmart are reacting to overall consumer spending, and the effect it’s having on their earnings 

21:24 – Reminder for the upcoming Key Wealth National Call Wednesday, March 12th at 1:00pm EST/10:00am PST

Additional Resources

Key Questions: Q4 Earnings Recap "What Did We Learn From Fourth Quarter Earnings?" | Key Private Bank 

Key Questions | Key Private Bank
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