Not exact matches
I noted a week ago that Bernanke had essentially
eased monetary policy by spurring a loosening of financial
conditions via higher stock prices, lower bond yields,
tighter credit spreads, and a weakening of the U.S. dollar.
We've already seen some
easing off in
credit growth to the household sector, and this is part of the mechanism by which
tighter financial
conditions can be expected to restrain demand over time.
However, when financial
conditions were
easing, indicated by
tighter credit spreads, the Russell 2000 outperformed by roughly 1 percent a month.
National Association of Realtors chief economist Lawrence Yun recently pinned the August slow - down in pending home sales — contract signings
eased 1.6 percent — on
tight inventory
conditions, higher interest rates, rising prices and restrictive mortgage
credit.