The Morning View: September 27, 2018

  • September 27, 2018

Senior Vice President / Portfolio Manager
(615) 591-0611

Announced this morning, the final reading indicates real GDP grew at an annual rate of 4.2% in the second quarter, as expected. It is the largest increase since the third quarter 2014 and underscores the overall strength of the economy. Also this morning, the core PCE, which excludes food and energy, grew 2.1% for the quarter; slightly higher than expected, but within reason of the Federal Reserve’s targets. It supports the statement by Jerome Powell yesterday of the Federal Reserve sticking with their measured interest rate increases. Hopefully inflation can remain in check amidst a strong economy in the months ahead. In all, equity futures and interest rates are slightly higher 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. © 2018 Argent Financial.