The Morning View from the West End: July 12, 2018

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

Announced this morning, the Consumer Price Index increased 0.1% in June, less than forecasts, and has increased 2.9% on an annual basis. Costs for shelter, food, and gasoline rose during the month, while costs for electricity and natural gas fell. The core rate, less food and energy, increased 0.2% in June and 2.3% on an annual basis. Overall, the report indicates core inflationary measures remain near the stated target by the Federal Reserve. The current plan for measured interest rate increases in the coming months likely remains on track. In all, bond yields are  unaffected by the report and equity futures are higher 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.

About

Argent Financial Group

Argent Financial Group (Argent) is a leading, independent, fiduciary wealth management firm. Responsible for more than $30 billion in client assets, Argent provides individuals, families, businesses and institutions with a broad range of wealth management services, including trust and estate administration, investment management, ESOPs, retirement plan consulting, funeral and cemetery trusts, charitable organization administration, oil and gas (mineral) management and other unique financial services. Headquartered in Ruston, Louisiana, Argent was formed in 1990 and traces its roots back to 1930.

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