The Morning View: November 9, 2018

  • November 9, 2018

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

Announced this morning, the Producer Price Index increased 0.6% in October and 2.9% on an annual basis, above forecasts. The core rate, excluding food and energy, increased 0.5% in October and 2.6% on an annual basis, also above forecasts. While prices at the producer level can fluctuate and companies may or may not pass along these costs to consumers, the results underscore the possibility of higher inflation and gives additional credence to the Federal Reserve’s policy to move rates back to a normal level. Following the report, equity futures are lower, interest rates are slightly higher, and the U.S. dollar strengthened 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.