Market ‘Rebound’ and Pause on Tariffs

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 CPI inflation, initial unemployment claims, tariffs, the equities and bond market, and rate cuts. 

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

03:48 – The Bureau of Labor Statistics released a favorable Consumer Price Index (CPI) inflation report showing inflation for March, month-over-month, declined for the first time since May 2020, at -0.1%
04:47 – Initial unemployment claims for the week ending April 5 were reported at 223,000, remaining stable

05:41 – Comments on the considerable market volatility, within the equities market, brought on by recent U.S. tariff policies 

11:41 – Mentions of ‘Prospect Theory’, and a reminder of its principles, as the equities market, more specifically the Volatility Index (VIX), looks to be in crisis mode 

14:20 – Remarks on bond market volatility and its effect on credit spreads, investment grades and yields

19:08 – While a 90-day pause on reciprocal tariffs has been announced by the President, the Federal Reserve (Fed) may follow suit with a pause on cutting rates at the next two upcoming Federal Open Market Committee (FOMC) meetings

20:10 – Final comments on what U.S. companies are doing to prepare earnings guidance for the second quarter (Q2:2025) after the uncertainty regarding tariffs

Additional Resources

Key Questions: Do Cracks in the Credit Markets Mean US Corporates’ Financial Health Has Cracked? | Key Private Bank

Key Questions | Key Private Bank
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