Bullboard - Stock Discussion Forum North American Financial 15 Split Corp T.FFN

Alternate Symbol(s): FNCSF

North American Financial 15 Split Corp. is a Canada-based mutual fund corporation, which invests in a portfolio of over 15 financial services companies. It offers two types of shares, such as Preferred Shares and Class A Shares. Its investment objectives with respect to preferred shares are to provide holders of preferred shares with cumulative preferential monthly cash dividends in the amount... see more

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North American Financial 15 Split Corp > US inflation jumps again

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Post by mouserman on Oct 10, 2024 9:31am

US inflation jumps again

US stock futures drifted lower on Thursday after the latest consumer inflation print came in hotter than anticipated, setting up expectations for the path of interest rates.

Dow Jones Industrial Average futures (YM=F) slipped 0.2%, while S&P 500 futures (^GSPC) shed roughly 0.3%, after both clinched fresh record highs. Contracts on the tech-heavy Nasdaq 100 (NQ=F) also edged down 0.5%.

Consumer prices rose 0.2% last month, according to US government data, more than the 0.1% rise Wall Street was expecting. On an annualized basis prices rose 2.4%, compared with 2.3% expected. The data was in higher focus than usual as investors puzzle over the chances of a "no landing" for the economy after last week's jobs report revived worries about inflation flaring up again.