Market Minutes Recap - Market Update (Perspectives on the PMI reports, initial unemployment claims, the Employment Situation report, the Beige Book, our 2025 investment and economic outlook, and the upcoming FOMC meeting)

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 PMI reports, initial unemployment claims, the Employment Situation report, the Beige Book, our 2025 investment and economic outlook, and the upcoming FOMC meeting .

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

01:23 – The Purchasing Managers’ Index (PMI) reported Manufacturing higher in November, while Services came in lower in November
02:36 – Initial unemployment claims for the week ending November 30 were reported at 224,000
02:56 – The Employment Situation reported new non-farm payrolls at 227,000 in November; The unemployment rate remained relatively the same at 4.2% in November 
04:21 – Comments on our Key Wealth 2025 investment and economic outlook, and a recap of the recent Key Wealth National Call
09:48 – Remarks on the new presidential administration, and what it may do for economic growth
10:53 – Comments on if the US dollar will be ‘dethroned’ as the world’s reserve currency
13:00 – Expectations for the upcoming Federal Reserve FOMC meeting and how the Employment Situation data may affect a December rate cut
18:44 – Remarks on if the new presidential administration will affect the equities market, specifically the Magnificent 7, and thoughts for the new year


Additional Resources
© 2023 KeyCorp