A New Fed Era Begins as Inflation Lingers and Markets Broaden

Markets ended the week balancing persistent inflation data, evolving Fed expectations, and shifting equity leadership. CPI and PPI both surprised to the upside, reinforcing the view that inflation remains sticky and likely keeps the Fed in a restrictive stance ahead of Kevin Warsh’s first FOMC meeting as chair. While geopolitical tensions in the Middle East added volatility early in the week, markets recovered on signs of potential de-escalation. In equities, leadership broadened beyond mega caps, with equal weight indices gaining strength as investors reassess concentration risk. With rates expected to stay higher for longer, disciplined positioning and diversification remain key in navigating the current environment. Speakers:Brian Pietrangelo, Managing Director of Investment StrategyGeorge Mateyo, Chief Investment OfficerRajeev Sharma, Head of Fixed IncomeStephen Hoedt, Head of Equities 02:05 — CPI and PPI show persistent inflation pressures04:00 — Fed outlook ahead of Kevin Warsh’s first FOMC meeting06:30 — Geopolitics and market reaction to Middle East tensions10:00 — Bond market implications and higher for longer rate expectations15:15 — Equity market breadth improves as SpaceX IPO draws attention Additional ResourcesNational Call Replay: 2026 Mid-Year CIO UpdateRead Now: Corporate Transparency Act — Where Are We Now (2026)? Key QuestionsWeekly Investment BriefSubscribe to our Key Wealth Insights newsletterFollow us on LinkedIn