Welcome to the FIA News & Insights, a one-stop resource that includes insights from senior investment professionals on timely market events, their views on the economy and their respective markets. Find updates on the latest media information on Frost Investment Advisors, LLC and the most recent reprints, as well as, archival information for your reference.
Inflation Continues to Deliver Unpleasant Surprises
June’s Consumer Price Index posted a year-over-year increase of 9.1 percent. The size of the annual change exceeded the expectations of almost all of the economic forecasters who were willing to put an estimate out there. The equity markets and bonds initially moved lower but quickly recovered most of their losses by the close. This is almost certain to bolster the Federal Reserve’s current hawkish rhetoric.
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