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Market Update

Making Sense: In Brief

Phillip Neuhart, Director of Market and Economic Research, brings you a brief overview of what's coming in the week ahead for markets and the economy.

Making Sense: In Brief video

Making Sense: In Brief

The week ahead for markets and the economy

Phil: Last week, markets digested the Federal Reserve's decision to raise the Fed funds rate by 0.25 percent amid steady news flow out of the financial sector.

Looking to the week ahead, investors will likely remain focused on the global financial sector. Not to mention, markets will likely continue to price the implications of fresh guidance from last week's FOMC meeting.

The February personal income and spending report comes out on Friday. Both personal income and spending are expected to have grown in February, just as they did in January. The US consumer remains critical to the economic outlook. This report also contains the Fed's preferred inflation measure, the PCE deflator. Will this measure show moderation in the pace of consumer inflation like the consumer price index did earlier this month? Consensus believes the pace of month-on-month inflation will slow.

Earlier in the week, keep an eye on January's Case-Shiller home price index on Tuesday. The pace of year-over-year home price appreciation peaked last March at 20.8 percent and was 5.8 percent in the most recent data for December. While the pace of home price appreciation will likely continue to moderate, the inventory of homes remains tight throughout much of the country, which should provide some support to prices.

Also on Tuesday, the Conference Board's measure of consumer confidence is released. With disruptions in the banking sector having had an impact on consumer confidence, economists believe sentiment will weaken modestly.

So items to watch. One, the financial sector. Two, personal income and spending. Three, home prices along with consumer confidence.

Making Sense In Brief Outro Slide

Brent Ciliano

CFA | SVP, Chief Investment Officer

Capital Management Group | First Citizens Bank

8510 Colonnade Center Drive | Raleigh, NC 27615

brent.ciliano@firstcitizens.com | 919-716-2650

Phillip Neuhart SVP, Director of Market and Economic Research

Capital Management Group | First Citizens Bank

8510 Colonnade Center Drive | Raleigh, NC 27615

phillip.neuhart@firstcitizens.com | 919-716-2403

Disclosures

The views expressed are those of the author(s) at the time of writing and are subject to change without notice. First Citizens does not assume any liability for losses that may result from the information in this piece. This is intended for general educational and informational purposes only and should not be viewed as investment advice or recommendation for a security, investment product or personal investment advice.

Your investments in securities, annuities and insurance are not insured by the FDIC or any other federal government agency and may lose value. They are not a deposit or other obligation of, or guaranteed by any bank or bank affiliate and are subject to investment risks, including possible loss of the principal amount invested. Past performance does not guarantee future results.

First Citizens Wealth Management is a registered trademark of First Citizens BancShares, Inc. First Citizens Wealth Management products and services are offered by First-Citizens Bank & Trust Company, Member FDIC; First Citizens Investor Services, Inc., Member FINRA and SIPC an SEC-registered broker-dealer and investment advisor; and First Citizens Asset Management, Inc., an SEC-registered investment advisor.

Brokerage and investment advisory services are offered through First Citizens Investor Services, Inc., Member FINRA and SIPC. First Citizens Asset Management, Inc. provides investment advisory services.

Bank deposit products are offered by First Citizens Bank, Member FDIC.

See more about First Citizens Investor Services, Inc. and our investment professionals at FINRA BrokerCheck.

Webinar Series

Making Sense: A Market Update

Join Brent Ciliano, First Citizens Chief Investment Officer, and Phillip Neuhart, First Citizens Director of Market and Economic Research, as they discuss what's going on in the markets and the economy.

March Webinar

Date: Tuesday, March 28

Time: 12 pm ET

February Webinar Replay

View a replay of the February 22 webinar.

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Your investments in securities, annuities and insurance are not insured by the FDIC or any other federal government agency and may lose value. They are not a deposit or other obligation of, or guaranteed by any bank or bank affiliate and are subject to investment risks, including possible loss of the principal amount invested. Past performance does not guarantee future results.

First Citizens Wealth Management is a registered trademark of First Citizens BancShares, Inc. First Citizens Wealth Management products and services are offered by First-Citizens Bank & Trust Company, Member FDIC, Equal Housing Lender; First Citizens Investor Services, Inc., Member FINRA and SIPC, an SEC-registered broker-dealer and investment advisor; and First Citizens Asset Management, Inc., an SEC-registered investment advisor.

Brokerage and investment advisory services are offered through First Citizens Investor Services, Inc., Member FINRA and SIPC. First Citizens Asset Management, Inc. provides investment advisory services.

Bank deposit products are offered by First Citizens Bank, Member FDIC.

See more about First Citizens Investor Services, Inc. and our investment professionals at FINRA BrokerCheck.