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.
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