Happy New Year! In the first episode of 2026, we catch up on what we missed during the holiday break, and dig into the latest market and economic developments in the beginning of the year, including the Federal Reserve’s recent rate cuts, updated projections for GDP and inflation, and the impact of the government shutdown on economic data releases. The conversation covers labor market trends, productivity gains, and a notable geopolitical event in Venezuela, analyzing its implications for oil markets and global economics. We also explore expectations for future Fed actions, the evolving landscape of mortgage policy, and the importance of diversification in investment portfolios, offering listeners a clear and timely perspective on what to watch for in the year ahead.

Speakers:

Brian Pietrangelo, Managing Director of Investment Strategy

George Mateyo, Chief Investment Officer

Rajeev Sharma, Head of Fixed Income

Stephen Hoedt, Head of Equities

01:41 – Recap of the Federal Reserve’s recent rate cuts, projections for 2026, and analysis of GDP growth, inflation trends, and labor market data following the government shutdown.

06:46 – Insights on the Venezuela situation, its effect on oil markets, and broader geopolitical implications for investors.

12:14 – Inflation trends, consumer behavior, and Fed rate cut expectations for 2026

15:56 – Analysis of government intervention in mortgage markets, treasury yields, and implications for fixed income investors.

17:38 – Our thoughts on portfolio management, diversification strategies, predictions for recession odds, earnings, AI trends, and closing thoughts for investors.

Additional Resources

Read: Key Questions: What Will Be the Economic Impact of the Political Events in Venezuela?

Rewatch: Key Wealth National Call: Managing Wealth in an Age of Disruption and Change

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