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FL SAFE MARKET UPDATE

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SEPTEMBER 2017Contact InformationHistorical Yield 6M 1YR 2YR 5YR 10YR Source: Bloomberg Finance YIELD CURVEONE YEAR PRIOR1M 3M 6M 1YR 2YRSource: Bloomberg Finance Rates do not reflect transaction Economic ECONOMIC INDICATORLow In ation Could Change Fed s PlansRECENT NEWSRates Rally in September The Consumer Price Index (CPI) for July grew only over the past year. Core CPI, which excludes food and energy costs, also grew at The relatively low in ation levels seem contradictory to higher consumer spending, low unemployment and healthy growth. The chart below shows somewhat higher wage growth, but this has not correlated to higher prices.

SEPTEMBER 2017 Contact Information Historical Yield Curve 2.50% 2.00% 1.50% 1.00% 0.50% 0.00% 3M 6M 1YR 2YR 5YR 10YR Source: Bloomberg Finance L.P.9/1/17 CURRENT YIELD CURVE

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