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Markets & Economic Update for June 2024: Will Consumer Spending Continue to Support Growth?

June 5, 2024
David Lundgren, CFA®
David Lundgren, CFA®

Each month, senior leaders of Hancock Whitney's Asset Management team discuss the latest news and events that impact markets and the economy.

This month:

The team provides updates on trends in consumer spending, possible Fed rate moves, and the markets bounce back in May. Also, a discussion on what President Trump's trial verdict could mean for his campaign.



June 2024 Markets and Economic Outlook Webinar

 

Key Highlights:

  • Will the welcome downshift to slower core inflation seen in April continue in May and beyond? And will consumer spending continue to support modest, sustainable growth?
  • Possible rate hikes and a best guess on the next rate move.
  • Reactions from the bond market in May.
  • An overview of the earnings season, and an outlook on future earnings expectations.
  • President Trump’s trial verdict and what this could mean for his campaign.
  • An outlook on the upcoming election, debates and conventions.

Don't miss our next Markets & Economic Update on July 9th, 2024. Register today.

The key to successful investing is to stay disciplined in your approach. The Hancock Whitney Asset Management team is ready to guide your portfolio to help you achieve your financial goals. Talk to a Private Banker today.

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The information, views, opinions, and positions expressed by the author(s), presenter(s), and/or presented in the article are those of the author or individual who made the statement and do not necessarily reflect the policies, views, opinions, and positions of Hancock Whitney Bank. Hancock Whitney makes no representations as to the accuracy, completeness, timeliness, suitability, or validity of any information presented.

This information is general in nature and is provided for educational purposes only. Information provided and statements made should not be relied on or interpreted as accounting, financial planning, investment, legal, or tax advice. Hancock Whitney Bank encourages you to consult a professional for advice applicable to your specific situation.

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