Bullboard - Stock Discussion Forum Canadian Life Companies Split Corp T.LFE.PR.B

Primary Symbol: T.LFE Alternate Symbol(s): CLSPF

The Companys investment objectives are (i) to provide holders of Preferred Shares with fixed cumulative preferential monthly cash dividends in the amount of $0.04375 per Preferred Share to yield 5.25% per annum on the original issue price (ii) to provide holders of Class A Shares with regular monthly cash distributions targeted to be $0.10 per Class A Share to yield 8.0% per annum on the... see more

Add To Watchlist

TSX:LFE - Post Discussion

Canadian Life Companies Split Corp > FED says inflation still a problem

View:

Post by mouserman on May 22, 2024 2:55pm

FED says inflation still a problem

Fed minutes show officials see disinflation taking 'longer than previously thought'

The release of the minutes from the Fed's May meeting struck a similar tone to one Fed officials have been touting in recent weeks: Inflation isn't falling as fast as initially hoped.

Participants noted that they "continued to expect that inflation would return to 2 percent over the medium term. But recent data hadn't "increased" confidence, and therefore, they believe "the disinflation process would likely take longer than previously thought."

Also in the minutes, various participants mentioned a "willingness" to tighten policy "should risks to inflation materialize in a way that such an action became appropriate."

Markets moved hit their lows of the day following the release with the S&P 500 (^GSPC) falling about 0.4%.