Also, as investors have come to
expect more stimulus, or in the case of the Federal Reserve a glacial tightening pace, it becomes more difficult to provide a positive surprise.
Not exact matches
That
expected stimulus has led several policymakers to say the Fed will likely raise rates
more quickly, but Powell said new policies could also ease the Fed's burden.
The Fed has raised rates twice this year and
expects to hike again in December and three
more times next year, depending on fiscal
stimulus including tax cuts planned by Republicans in Congress and in the White House.
Poloz revealed the
stimulus discussion in his opening statement to reporters
more than an hour after publication of the rate decision, wrong footing financial markets that were not
expecting the dovish shift.
The output gap was so much larger in this downturn than the last one (see «Part II» here), due in part to the differences noted so far, that you'd
expect a lot
more stimulus in the recent downturn.
«I think Powell is going to be
more concerned about where we are in the business cycle, with a very low unemployment rate, growth
expected to be around 3 percent this year and
stimulus from the Trump tax cuts,» Jones said.
On a
more positive note politically, however, in recent months there has been a rising expectation that governments will increasingly start to focus
more intently on fiscal
stimulus, and we
expect this theme to gain some traction in a number of major economies given the diminishing returns of unconventional monetary policy.
At a news conference, ECB President Mario Draghi seemed relatively confident about the economy and less inclined to hint at
more stimulus than some analysts had
expected.
Given the ending of most of the Economic Action Plan
stimulus spending in 2011 - 12, one would have
expected a significant decline in «other transfer expenses» between 2010 - 11 and 2011 - 12, much
more than the $ 1.1 billion forecast by the Department of Finance.
In the
more emotional types of Protestant service both the external
stimuli and the inner warmth which the worshiper
expects — and goes to church to secure — are conducive to attention.
Unlike most states, New York shares its portion of Medicaid costs with the counties, and the trend lines should concern every taxpayer: With federal economic
stimulus funds running out and federal health insurance changes, 16 million
more Americans are
expected join the 60 million now enrolled in Medicaid by 2014.
Biomedical research may be headed for a big 2 - year boost in the
stimulus bill —
more than even some lobbyists
expected.
Soon, the approximately 130 PSM programs will likely be joined by dozens
more, as the U.S. National Science Foundation (NSF) prepares to issue an announcement —
expected later this month — of grants for establishing PSM programs with federal
stimulus funds.
The Center on Education Policy surveyed districts in the spring and found that 46 percent
expect funding decreases of 5 percent or
more in the 2011 — 12 school year (the poll asked districts about their «total funds available» for the year, excluding federal
stimulus monies).
With little
stimulus money
expected to be left for construction after states make up for recession - driven budget cuts, districts are scrambling for some $ 24 billion or
more in zero - or low - interest bonds under the $ 787 billion American Recovery and Reinvestment Act.
Economists
expect three or
more rate hikes in 2018 as it continues to pull back the economic
stimulus implemented to pull the U.S. economy out of the Great Recession.
I suspect the first two years will be part of the
stimulus — which I
expect will have many
more tens of billions of dollars in it for clean energy.
In one of the
more comprehensive definitions, the Intergovernmental Panel on Climate Change (IPCC) defines climate change adaption as an «adjustment in natural or human systems in response to actual or
expected climatic
stimuli or their effects, which moderates harm or exploits beneficial opportunities: (IPCC TAR, 2001)[1].
While a truly «normal» market remains a ways off, we
expect to take
more steps in that direction as appreciation moderates, negative equity recedes, federal
stimulus is withdrawn and foreclosures wane.»