BY: MARSHALL BARTLETT
Senior Vice President / Portfolio Manager
(615) 591-0611 mbartlett@argenttrust.com
Released this morning, the Consumer Price Index, a measure of inflation, was flat for November and has increased 2.2% on an annual basis. The core rate, excluding food and energy, increased 0.2% in November and has also increased 2.2% on an annual basis, slightly higher than the 2.1% annual increase the previous month. Both results were as expected and indicate inflation remains in check and near stated targets, despite a firm labor market with low unemployment levels. The comments following the Federal Reserve’s meeting next week will be an important indication of what interest rate policy may be in the months ahead. 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.
