The Morning View from West End: March 13, 2018

  • March 13, 2018

BY: MARSHALL BARTLETT
Senior Vice President / Portfolio Manager
(615) 591-0611   mbartlett@argenttrust.com

Announced this morning, the Consumer Price Index rose 0.2% in February and 2.2% on an annual basis. The core rate, which excludes food and energy costs, also rose 0.2% in February and 1.8% on an annual basis. Much like last week’s employment report, these figures show that inflation remains in control, giving the Federal Reserve some solace to continue with steady interest rate increases in the months ahead. Also this morning, it has been announced that Rex Tillerson has been relieved of his duties as Secretary of State. Hopefully the economy will remain steady amidst all the turnover in Washington. In all, equity futures are higher this morning heading into the market open.

 

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.