The Morning View from the West End: August 10, 2018

  • August 13, 2018

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

Announced this morning, the Consumer Price Index, a measure of inflation, increased 0.2% in July and has increased 2.9% on an annual basis. The core rate, which excludes food and energy, also increased 0.2% in July and has increased 2.4% on an annual basis. The annual increase in the core rate is the largest since 2008. While the Federal Reserve likely remains on track with measured increases in the months ahead, this data indicates inflation is nearing the high end of their comfort zone and will need to be monitored closely going forward. In all, equity futures are lower this morning given the 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.