October Inflation Data Shows Progress

 
 

The Consumer Price Index (CPI) was unchanged in October, below the consensus expected +0.1%.  The CPI is up 3.2% from a year ago - a huge improvement versus the 7.7% reading in the year ending October 2022. The actions taken by the Federal Reserve to fight inflation continue to gain traction. 

 
 

'Tis the Season?

Seasonal factors played a role in the S&P 500’s recent correction with the index posting negative returns in three consecutive months for the first time since January-March 2020. However, these same factors have the potential to serve as a tailwind for equity prices through year-end. Lower long-end yields, a stable growth environment, and positive seasonality could provide the S&P 500 with enough fuel to continue to rally through year-end.

 

Legacy Trust Family Wealth Offices

 4200 Marsh Landing Blvd, Suite 100

Jacksonville Beach, FL 32250

Office: (904) 280-9100

Fax: (904) 280-9109

 

Legacy Trust Family Wealth Offices of Jacksonville Beach, Florida, is a new type of financial services firm - an independent multi-family office - that brings all facets of your personal financial affairs under one roof, where they are coordinated for optimum efficiency and maximum performance. 

Investment products are not FDIC insured, are not bank guaranteed, and may lose value.