Fed's Schmid says he is prepared to be patient on policy

FILE PHOTO: Federal Reserve Bank of Kansas City President Jeffrey Schmid poses at the Jackson Lake Lodge in Jackson Hole

Inflation fell rapidly in 2023 from its mid-2022 peak, and Fed policymakers began this year expecting to start cutting rates to keep policy from becoming overly restrictive. But price pressures picked up again in the first quarter, with the personal consumption expenditures price index rising 2.7% in March from a year earlier. The Fed targets 2% inflation by that measure.

Increased U.S. government borrowing and other longer-term forces mean that interest rates could remain high for some time, he said. This dividend stock is still down by 36% in the last year but offers even more growth after taking a year to balance the books. The post Should You Buy This 7% Dividend Stock While it’s Below $6? appeared first on The Motley Fool Canada.The former president's appearance will mark the ninth time that he has addressed National Rifle Association members at a major public gathering.

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