Consider these risks before investing: The value of securities in the fund's portfolio may fall or fail to rise over extended periods of time for a variety of reasons, including general financial market conditions, changing market perceptions, changes in government intervention in the financial markets, and factors related to a specific issuer, industry, or sector and, in the case of bonds, perceptions about the risk of default and expectations
about changes in monetary policy or interest rates.
Stock and bond prices may fall or fail to rise over time for several reasons, including general financial market conditions, changing market perceptions (including, in the case of bonds, perceptions about the risk of default and expectations
about changes in monetary policy or interest rates), changes in government intervention in the financial markets, and factors related to a specific issuer or industry.
Consider these risks before investing: The value of securities in the fund's portfolio may fall or fail to rise over extended periods of time for a variety of reasons, including general financial market conditions, changing market perceptions, changes in government intervention in the financial markets, and factors related to a specific issuer, industry, or sector and, in the case of bonds, perceptions about the risk of default and expectations
about changes in monetary policy or interest rates.
At first, market participants looked to a speech being given by ECB President Draghi at the annual Jackson Hole symposium of central bankers late in August, seeking hints
about a change in monetary policy.
Not exact matches
Gordon is curious
about an untested
policy called «price - level targeting,» which would refocus
monetary policy on achieving an absolute increase
in prices over time, rather than the current emphasis on the rate of
change.
«If it's described as an attack on the economy, it suggests that there's not a discussion
about what might need to
change in terms of
monetary and fiscal
policy,» he said.
He has a theory
about why the markets swooned: «Necessary
changes in the stance of
monetary policy removed the complacent assumption that «all bad news is good news» (because it brought renewed stimulus) that many felt underpinned markets.»
The two - year note yield, which is the most sensitive to
changes in Fed
monetary policy, climbed higher to
about 1.33 percent.
What have
changed are expectations
about the
monetary policy stance that would be appropriate
in order to achieve those outcomes.
By conducting
policy in a transparent way and communicating what is important
in determining the central bank's reaction function, I think policymakers can strike the best balance between a
monetary policy that fully incorporates the complexity of the world as it is, while, at the same time, retaining considerable clarity
about how the FOMC is likely to respond to
changing circumstances.
This set of
monetary policies affects financial asset prices
in a different way compared to
changes in short - term interest rates, and we should be humble
about what we claim
about understanding the importance of this distinction.
Just as the events of the 1970s and emergence of stagflation throughout the industrial world, led to new
policy paradigms, I believe that recent events will force us to develop new approaches to thinking
about economic fluctuations and inflation which will,
in turn, drive major
changes in thinking
about fiscal and
monetary policy.
In talking about monetary policy's contribution to the management of the economic challenges, the speech notes the recent increases in mortgage rates of the commercial banks, outside of the cycle of changes in the cash rat
In talking
about monetary policy's contribution to the management of the economic challenges, the speech notes the recent increases
in mortgage rates of the commercial banks, outside of the cycle of changes in the cash rat
in mortgage rates of the commercial banks, outside of the cycle of
changes in the cash rat
in the cash rate.
From this vantage point, stability is really just a way of describing or qualifying «expectations,» which are a formal part of the way the Bank thinks
about monetary policy and the transmission mechanism (i.e., how a
change in the target for the overnight rate has an effect on the real economy).
I'm always dismayed, for example, by how confidently analyts and economists talk
about the relationship between
monetary policy and economic outcomes, when the fact is that the level of interest rates,
changes in interest rates, and
changes in the
monetary base provide very little additional forecasting power for GDP, over and above forecasts based on lagged
changes in GDP itself.
Speculation
about policy change has largely monopolized the attention of investors
in the months since the US elections, but
monetary policy came sharply back into focus during February.
Consider these risks before investing: Bond prices may fall or fail to rise over time for several reasons, including general financial market conditions,
changing market perceptions (including perceptions
about the risk of default and expectations
about monetary policy or interest rates),
changes in government intervention
in the financial markets, and factors related to a specific issuer or industry.
Asset prices may fall or fail to rise over time for several reasons, including general financial market conditions,
changing market perceptions (including,
in the case of bonds, perceptions
about the risk of default and expectations
about monetary policy or interest rates),
changes in government intervention
in the financial markets, and factors related to a specific issuer, industry or commodity.
The term structure reflects expectations of market participants
about future
changes in interest rates and their assessment of
monetary policy conditions.
Stock and bond prices may fall or fail to rise over time for several reasons, including general financial market conditions,
changing market perceptions (including,
in the case of bonds, perceptions
about the risk of default and expectations
about monetary policy or interest rates),
changes in government intervention
in the financial markets, and factors related to a specific issuer or industry.
Bond prices may fall or fail to rise over time for several reasons, including general financial market conditions,
changing market perceptions (including perceptions
about the risk of default and expectations
about monetary policy or interest rates),
changes in government intervention
in the financial markets, and factors related to a specific issuer or industry.
And all the more so, given that the Swissy was out of commission as a safe - haven at the time, apparently because SNB Boss - Man Thomas Jordan was cited
in a Bloomberg report as saying that even though there was «a certain decline
in the franc's overvaluation, the franc remains highly valued» and that «The situation on foreign - exchange markets remains fragile,» which is why the «The SNB isn't thinking
about changing its
monetary policy» and will continue with its negative rates and its
policy of intervening (* cough * currency manipulation * cough *)
in the forex market.
I'm not talking
about marginal tax rates, or
monetary policy, which offer transitory relief, but
changes in regulations.