Markets recalibrate as the Federal Reserve signals a more hawkish stance under new leadership, shifting expectations away from rate cuts and toward potential tightening. Inflation projections moved higher, reinforcing the Fed’s focus on price stability and reducing forward guidance as a policy tool. Fixed income markets reacted quickly, with front end yields rising and volatility expected to persist. In equities, leadership continues to broaden beyond mega cap names, with improving participation across sectors supporting a constructive backdrop, though near term consolidation and uneven returns remain likely through the summer.

Speakers:

Brian Pietrangelo, Managing Director of Investment Strategy

George Mateyo, Chief Investment Officer

Rajeev Sharma, Head of Fixed Income

Stephen Hoedt, Head of Equities

02:40 — Market overview with GDP, PCE and unemployment trends

04:05 — FOMC recap and introduction of new Fed Chair Kevin Warsh

06:20 — Inflation projections rise and policy expectations reset

12:30 — Reduced Fed communication and implications for volatility

15:00 — Equity market rotation beyond mega cap tech and earnings outlook

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