The Morning View from West End: February 14, 2018

Announced this morning, the Consumer Price Index (a measure of inflation) increased 0.5% in January, more than the 0.3% expected, and has increased 2.1% annually. The core rate, which excludes food and energy costs, increased 0.3% in January, also more than the 0.2% expected, and has increased 1.8% annually. The fact the monthly figures were higher than expected is noteworthy, given the sizeable increase in average hourly earnings in January’s jobs report. It could be a sign that inflation may be returning and could trigger the Federal Reserve to increase interest rates at a faster pace than previously communicated which would create some headwinds for the economy. However, recent data points continue to indicate the economy remains on stable ground. Equity futures turned lower and interest rates went higher following the announcement, as the markets digest the data.

consumer price index

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This information has been prepared by Argent Trust to highlight issues which may be of interest to the recipient and is not intended as legal, investment or tax advice. You are urged to seek legal, tax and accounting counsel for your particular situation before acting on topics discussed here. At Argent Trust, we assist our clients in managing and enhancing their wealth. Please call us at 615.591.0044 with questions or to schedule a meeting. © 2018 Argent Financial.


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Celebrating its 30th anniversary in 2020, Argent Financial Group (Argent) is a leading, independent, fiduciary wealth management firm. Responsible for more than $30 billion in client assets, Argent provides individuals, families, businesses and institutions with a broad range of wealth management services, including trust and estate administration, investment management, ESOPs, retirement plan consulting, funeral and cemetery trusts, charitable organization administration, oil and gas (mineral) management and other unique financial services. Headquartered in Ruston, Louisiana, Argent was formed in 1990 and traces its roots back to 1930.

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