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 the Fed's interest rate decision, cooling labor markets and the rise of market volatility. Plus, a discussion on the upcoming election.
October 2024 Markets and Economic Outlook Webinar

Key Highlights
- Fed Chairman Powell charts a policy course back to the “old normal”.
- Federal Reserve policy provides an overdue lift to fixed income returns likely to last into 2025.
- The macroeconomic context for the FOMC shift in emphasis from suppressing inflation to supporting the cooling labor market.
- Anemic hiring is likely to push the unemployment rate higher and economic growth slower in the months ahead, although we do not expect a recession and do expect lower interest rates to ignite a stronger housing market by springtime if not sooner.
- Stock market has lost some momentum and leadership has rotated into Value and Small Cap
- Volatility is on the rise
- The presidential race is tight and will likely not be fully decided for at least several days after the official November 5 date. Much may hinge on the news cycle outside of candidate control as we move toward the election.
- A divided government appears to be the most likely outcome of presidential and congressional elections which seems (as usual) to be markets’ preferred outcome.
Don't miss the next Markets & Economic Update on Thursday, November 7. Register today.
For an in-depth look at the economic news and trends from the 3nd Quarter, we invite you to download our Q3 Quarterly Review.
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.