Canadian Life Companies Split Corp T.LFE.PR.B

FED speak rattles the markets

[mouserman]

While stocks have notched a string of gains in recent days, the rally lost some steam as Federal Reserve policymaker Neel Kashkari signaled that rates are likely to stay at historic highs for a while. The Minneapolis Fed chief's comment that a hike isn't off the table either knocked hopes for an earlier easing in policy that had been buoyed by other Fed speakers. Fed officials Lisa Cook and Philip Jefferson are slated to speak Wednesday.

[flamingogold]

"historic highs"... ??? Did he actually say "historic"? He's not a voting member so I don't place any weight on what he says especially if he is using that kind of language.

[mouserman]

Certainly if you go back 60 years the rates were higher...  his history must be  only about 20 years for him. I do believe the interest rate did spike up above 6% briefly around the  year 2000 or a bit after..  Interest rate gets cut in Canada , going to cause some grief imo..  unless US also does. Otherwise I do believe the CAD will fall vs USD and that will increase the

[flamingogold]

Inflation is sub 3% here, I believe Tiff is comfortable with a small tick up if it means giving the economy an adrenaline shot with a rate cut. The US will cut soon too, so it wll eventually even out.

[mouserman]

Been hearing the same old song and dance since last fall,  cuts are coming very soon,  then   inflation and jobs  data delays the cuts.. Price of oil drops and everything looks good, then its spikes back up again, AND lo and BEHOLD  it affects the prices of nearly everything. Cuts are delayed again. Govt methods of calculating inflation are suspect at best.  Leaving