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 labor market, industrial production, retail sales, the Consumer Price Index, corporate earnings, 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

 
01:31 – Initial unemployment claims for the week ending August 10th declined to 227,000, down 7,000 from the week prior

02:00 – U.S. industrial production declined 0.6% for July, as a preliminary read

02:32 – Retail sales reported above expectations at an increase of 1.0% month-over-month for July

03:07 – The inflation print for the Consumer Price Index (CPI) was reported at 2.9% year-over-year for July; excluding food and energy, the report came in at 3.2% 

07:17 – Based on the favorable CPI report, the market is anticipating the Fed may not have to begin cutting rates in an aggressive manner and could begin cutting rates only by 25 basis points as soon as September 

13:05 – While earnings haven’t had any recent record highs, expectations still continue to heighten; even though the economy is slowing, it is still growing

16:56 – Final comments highlighting the upcoming Key Wealth National Call Wednesday, September 4th at 1:00pm EST. 

Key Questions: "You're Killin' Me Smalls!" Will Small Caps Ever Outperform Again | Key Private Bank