Weekly Financial Update - August 10, 2018

The S&P 500 Index and Dow Jones Industrial Average gave back moderate early-week gains at the end of last week, as economic and market weakness in Turkey overflowed into domestic markets. On Friday, President Trump announced a doubling of tariffs on Turkish steel and aluminum amid an escalating dispute regarding the detention of an American pastor.

Shifting focus to the domestic economic backdrop, last week saw a number of important data points on inflation in July. 

Click here to read about the data points and the indicators that inflation pressures might be building in our Weekly Financial Market Update.