Market Minutes Recap - Market Update (Perspectives on initial unemployment claims, PCE Inflation report, government debt, China, and the equities market)
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 initial unemployment claims, PCE Inflation report, government debt, China, and the equities market.
Speakers:
Brian Pietrangelo, Managing Director of Investment Strategy
Connor Cloetingh, Senior Equity Analyst
George Mateyo, Chief Investment Officer
Rajeev Sharma, Head of Fixed Income
01:38 – The initial unemployment claims for the week ending September 21 were reported at 218,000
Speakers:
Brian Pietrangelo, Managing Director of Investment Strategy
Connor Cloetingh, Senior Equity Analyst
George Mateyo, Chief Investment Officer
Rajeev Sharma, Head of Fixed Income
01:38 – The initial unemployment claims for the week ending September 21 were reported at 218,000
02:50 – Overall Personal Consumption Expenditures (PCE) slowed down from July with a reading of 0.5% to 0.2% in August. Additionally, the PCE Inflation month-over-month data came in at 0.1% in August
04:50 – Being the first inflation report since the September rate cut, the PCE Inflation data validated the Federal Reserve’s rate cut decision, and opened the door for another 50-basis point cut heading toward the end of the year
10:53 – Comments on government debt and its impact on the bond market
14:03 – As government debt has affected markets worldwide, we hear how China’s economic standing is influencing the equities market – particularly with material and commodity prices
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