BY: MARSHALL BARTLETT
Senior Vice President / Portfolio Manager
(615) 591-0611 firstname.lastname@example.org
Announced this morning, the Consumer Price Index (CPI) decreased slightly in December, falling 0.1% as expected. It has increased 1.9% on an annual basis. The core rate, excluding food and energy costs, increased 0.2% in December and has increased 2.2% on an annual basis. Inflation remains in line with the 2% annual growth level for core rates as stated by the Federal Reserve, allowing them to be “patient” with interest rate increases in the months ahead. However, the Federal Reserve’s balance sheet continues to shrink in the background, causing some tightening of the economy. In all, equity futures are lower this morning heading into the market open.
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