Page 17 - MayDefComp

U.S. Economic Data

Source: Bloomberg, 03/31/2019 Source: Bloomberg, 3/31/2019

CPI ex. Food & Energy and CPI Index Levels
Year over Year
5% CPI ex. F&E 2.0%

4% CPI 1.9%

3%

2%

1%

0%

-1%

-2%

-3%

Source: Bloomberg, 3/31/2019
Source: Bloomberg, 3/31/2019

Source: Bloomberg, Bureau of Labor Statistics and Bureau of Economic Analysis.

1) The S&P 500 Index is a broad-based measure of domestic stock market performance. The index is unmanaged, includes the reinvestment of dividends, and
cannot be purchased directly by investors. Index performance is shown for illustrative purposes only and does not predict or depict the performance of any particular
investment. Past performance does not guarantee future results.