BY: MARSHALL BARTLETT
Senior Vice President / Portfolio Manager
(615) 591-0611 email@example.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.
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