The Morning View: January 11, 2019

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

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.

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. © 2019 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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