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.
