Education

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

Fed likely to stay on hold through year-end

More reassuring inflation news One month never makes a trend, which is why June’s excellent inflation report had to be read primarily as relief after a stretch of elevated readings. Two months will not make a trend, either, but they represent a growing body of evidence on which conclusions can be formulated with greater confidence. Indeed, this is the lens through which July’s encouraging CPI...
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Market News

Labor weakness argues against Fed hikes

Labor weakness argues against Fed hikes

Aug 10, 2026

No pre-emption needed Last week we noted that the three dissents in favor of an immediate rate hike all implicitly viewed that hike as a pre-emptive move aimed to avoid larger/faster hikes down the...

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Housing hurts as high rates weigh on demand

Housing hurts as high rates weigh on demand

Jul 13, 2026

During his first press conference as Fed Chair, Kevin Warsh was asked about the stance of monetary policy: is the Fed restrictive or not? He wisely answered that the answer to that question is...

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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 July 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 June 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...

Post Fed Q&A April 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 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...

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

June 22, 2026 - Coffee with CalTRUST welcomed State Street Investment Management's Chief Economist Simona Mocuta, Chief Macro Policy Strategist Elliot Hentov, and Portfolio Strategist Will Goldthwait for an insightful conversation on markets and monetary policy. The webinar opened with a CalTRUST 101 overview before diving into a broader discussion with our State Street guests. Topics covered included CalTRUST fund options and current positioning, a recap of the June FOMC meeting, and the market outlook for the second half of the year. CalTRUST is a public agency (JPA) established over 20 years ago by California public agencies to offer pooled investment solutions. Our local government investment pool offers three fund options designed to meet the liquidity and investment needs of California public agencies — whether you are an existing shareholder or exploring CalTRUST for the first time.
Coffee with CalTRUST & Market Update
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
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