Fed normalization is likely to be very gradual and
easy global monetary policy is supportive of U.S. Treasuries.
Not exact matches
«We have the currency down, so the mix seems to us between real growth, better
global growth, low inflation,
easy (
monetary)
policy,» Garzarelli added.
The Fed has been a target of some conservative critics in the U.S. Congress, who say the bank risked sparking inflation with its
easy monetary policies in response to the
global financial crisis.
«Rates and inflation, even though they have ticked up, are still at very low levels relative to history,
monetary policy is still
easy, said Michael Arone, chief investment strategist at State Street
Global Advisors in Boston.
According to Anna Stupnytska,
global economist at Fidelity International, Jerome Powell's appointment as Fed chair represents
policy continuity in the near - term and might even result in a slightly
easier monetary stance than some other contenders for the role.
A moderating
global growth dynamic and very
easy monetary policy abroad are also forces keeping the central bank from initiating more rate normalization.
Global monetary policy has been too
easy in recent years and that is why we have seen such a major run - up in a wide range of industrial commodity prices.
From early May to mid June, domestic bond yields followed
global yields lower on concerns about potential deflationary pressures in the US and related expectations of
easier monetary policy abroad and in Australia.
To combat slowing growth, the
global body calls for advanced economies to «maintain
easy monetary policies.»