The Morning View: September 13, 2018

  • September 13, 2018

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

Released this morning, the Consumer Price Index (CPI) increased 0.2% in August and grew 2.7% on an annual basis, a bit lower than forecasts. The core rate, which excludes food and energy, increased 0.1% for August and grew 2.2% on an annual basis, also lower than expected. Apparel prices and medical costs were among the decliners, while energy prices, airline fares, and auto prices were among the increases. A slightly softer read on this inflationary measure adds a bit of additional support to the plan for measured rate increases by the Federal Reserve. Following the report, bond yields and the US dollar both moved a touch lower, while 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.