Education

Get expert insights with State Street Investment Management news, market updates, reports, and webinars for timely financial guidance.

Central banks hold, but tensions drive risk

Fed on hold as outlook turns more binary The April Fed meeting was not about doing but about signaling. The decision on rates was always a given: don’t do anything while you await clarity on what you might have to do down the line. So, the Fed Funds rate stays at 3.5–3.75%. There was one dissent (Miran) in favor of a 25 bp cut and three dissents (Hammack, Kashkari, Logan) against statement...
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Market News

US labor data sends mixed signals

US labor data sends mixed signals

Apr 6, 2026

What's going on with the US labor data? The US labor data appears to us increasingly perplexing. The striking volatility in monthly payrolls data over the last several months is hard to explain even...

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CalTRUST Update

Post Federal Reserve Meeting Q&A

As part of our initiative to bring timely market information to California public agencies, CalTRUST Chief Executive Officer Laura Labanieh held a brief Q&A with State Street Investment Management’s Vice President, Portfolio Strategist Will Goldthwait to reflect on this week’s Federal Reserve meeting:

Post Fed Q&A April 2026

part of our initiative to bring timely market information to California public agencies, CalTRUST Chief Executive Officer Laura Labanieh Kitson had a brief Q&A with State Street Investment Management's Vice President, Portfolio Strategist Will Goldthwait to...

Post Fed Q&A March 2026

As part of our initiative to bring timely market information to California public agencies, CalTRUST Chief Executive Officer Laura Labanieh Kitson had a brief Q&A with State Street Investment Management's Vice President, Portfolio Strategist Will Goldthwait to...

Post Fed Q&A January 2026

As part of our initiative to bring timely market information to California public agencies, CalTRUST Chief Executive Officer Laura Labanieh Kitson had a brief Q&A with State Street Investment Management's Vice President, Portfolio Strategist Will Goldthwait to...

Post Fed Q&A December 2025

Laura: So, what did the Fed do? I heard there were dissents! Drama?Will: The FOMC lowered the target range by 25bp. No surprise. Although a month ago it would have been a big surprise. Chair Powell was asked about this in today’s press conference (the move from...

Post Fed Q&A October 2025

As part of our initiative to bring timely market information to California public agencies, CalTRUST Chief Executive Officer Laura Labanieh Kitson had a brief Q&A with State Street Investment Management's Vice President, Portfolio Strategist Will Goldthwait to...

Speakers: Laura and Will
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White Paper

Exploring Variable vs Constant NAV Investment Options

Understanding the differences between stable or constant net asset value (CNAV) and floating or variable net asset value (VNAV) funds, the benefits and challenges.

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Webinars

Watch this Market Update Webinar featuring CalTRUST’s Investment Management team at State Street Global Advisors (SSGA) as they break down what’s happening in today’s market, including key insights from the September Federal Reserve meeting.
Market Update & Discussion
What is the FOMC and why does it matter? In this educational webinar, CalTRUST and State Street Investment Management break down the history and functionality of the Federal Open Market Committee (FOMC) — one of the most influential bodies in global finance. What you'll learn: - How and why the FOMC was formed - How the Federal Reserve operates and maintains its independence - What the Summary of Economic Projections (SEP) is and how the "dot plot" works - How FOMC decisions impact interest rates and the broader economy This session is designed for local government finance professionals, public treasurers, and anyone looking to deepen their understanding of U.S. monetary policy. CalTRUST | State Street Investment Management 🔔 Subscribe for more free educational content on local government investing, monetary policy, and public finance.
Demystifying the Fed: History & Functionality of the FOMC
Watch this Market Update Webinar featuring CalTRUST’s Investment Management team at State Street Investment Management (SSIM) as they break down what’s happening in today’s market, including key insights from the September Federal Reserve meeting.
September 22, 2025 - Market Update & Discussion
Watch this Market Update Webinar featuring CalTRUST’s Investment Management team at State Street Investment Management (SSIM) as they break down what’s happening in today’s market, including key insights from the July Federal Reserve meeting.
August 4, 2025 - Market Update & Discussion
June 23, 2025 - Watch this Market Update Webinar featuring CalTRUST’s Investment Management team at State Street Investment Management (SSIM) as they break down what’s happening in today’s market, including key insights from the June Federal Reserve meeting.
Market Update & Discussion
May 9, 2025 - Market Update Webinar featuring CalTRUST’s Investment Management team at State Street Investment Management (SSIM) as they break down what’s happening in today’s market, including key insights from the May Federal Reserve meeting.
Market Update & Discussion
Looking to learn more about CalTRUST and how it can support your agency’s investment needs? CalTRUST is a Joint Powers Authority (JPA) created by and for California public agencies to offer flexible pooled investment solutions. In this webinar, we covered: ✔ CalTRUST 101 – Our history, structure, and key features ✔ Fund Options & Current Positioning – Tailored solutions for liquidity and investment needs ✔ Market Update – Insights from State Street Global Advisors This session is perfect for both existing shareholders and agencies exploring CalTRUST for the first time. If you missed the live event, watch now to gain valuable insights!
Coffee with CalTrust
The year is coming to an end! We've gotten through the election and the last Fed Meeting of the year but what does all this mean now?! Please join us for a post-election reflection with State Street Investment Management (SSIM) Head of Macro Policy Research, Elliot Hentov, in discussion with CalTRUST CEO Laura Labanieh and SSGA VP Portfolio Strategist Will Goldthwait, as Elliot reflects on the implications of the election outcomes and the Fed's final meeting of the year.
Post-Election Reflection
Join CalTRUST CEO Laura Labanieh and State Street Global Advisors VP Portfolio Strategist Will Goldthwait for an insightful discussion on investment options beyond traditional bank deposits. In this webinar, you’ll learn how to: ✅ Define and understand money market funds and liquidity pools, ✅ Explore available investment options, ✅ Ask the right questions before investing, ✅ Identify eligible purchases and investments, ✅ Measure and manage risk effectively, and ✅ Recognize transparency and accountability standards for managers.
Demystifying LGIPs and Liquidity Tools
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