Markets & Economic Update for May 2024: Is a Longer Inflation Battle Ahead?

May 9, 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 inflation numbers, slowing job growth, the recent Fed meeting, and the mixed bag of earnings season news. Plus, a discussion on the federal debt and deficit.



May 2024 Markets and Economic Outlook Webinar

 


Key Takeaways:

  • Recent inflation reports have spooked markets. Can these above-expectation reports be attributed to seasonality or do we have a longer inflation battle ahead?
  • Is the labor market downshifting to slower jobs growth?
  • How is the bond market responding?
  • What action do we expect from the Fed in the coming months?
  • Have stocks reacted to worrisome inflation reports? Will AI dominance continue?
  • Discussion on the growing U.S. debt/deficit issues and the potential market and economic impacts. 

Don't miss our next Markets & Economic Update on June, 4th, 2024.

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.

Hancock Whitney Bank offers investment products, which may include asset management accounts, as part of its Wealth Management Services. Hancock Whitney Bank is a wholly owned subsidiary of Hancock Whitney Corporation.

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