The Morning View: February 13, 2020

  • February 13, 2020

Senior Vice President / Portfolio Manager

Announced this morning, the Consumer Price Index increased 0.1% in January and 2.5% on an annual basis. The core index, which excludes food and energy prices, increased 0.2% for January and 2.3% on an annual basis. Overall, inflationary pressures remain tame and not showing signs of growing out of control. While the core index is slightly above the 2% inflation target set by the Federal Reserve, other inflation measures remain below that level, such as the PCE Deflator at 1.6% growth on an annual basis. Given this data, the Federal Reserve is likely to remain  accommodative in the months ahead. In all, bond yields ticked lower following this morning’s data and equity futures are lower heading into the market open.

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