Specifically, months
following rate increases fall in periods classified as restrictive monetary environments, and months following rate decreases fall in periods classified as expansive monetary environments.
Not exact matches
Important factors that could cause actual results to differ materially from those reflected in such forward - looking statements and that should be considered in evaluating our outlook include, but are not limited to, the
following: 1) our ability to continue to grow our business and execute our growth strategy, including the timing, execution, and profitability of new and maturing programs; 2) our ability to perform our obligations under our new and maturing commercial, business aircraft, and military development programs, and the related recurring production; 3) our ability to accurately estimate and manage performance, cost, and revenue under our contracts, including our ability to achieve certain cost reductions with respect to the B787 program; 4) margin pressures and the potential for additional forward losses on new and maturing programs; 5) our ability to accommodate, and the cost of accommodating, announced
increases in the build
rates of certain aircraft; 6) the effect on aircraft demand and build
rates of changing customer preferences for business aircraft, including the effect of global economic conditions on the business aircraft market and expanding conflicts or political unrest in the Middle East or Asia; 7) customer cancellations or deferrals as a result of global economic uncertainty or otherwise; 8) the effect of economic conditions in the industries and markets in which we operate in the U.S. and globally and any changes therein, including fluctuations in foreign currency exchange
rates; 9) the success and timely execution of key milestones such as the receipt of necessary regulatory approvals, including our ability to obtain in a timely fashion any required regulatory or other third party approvals for the consummation of our announced acquisition of Asco, and customer adherence to their announced schedules; 10) our ability to successfully negotiate, or re-negotiate, future pricing under our supply agreements with Boeing and our other customers; 11) our ability to enter into profitable supply arrangements with additional customers; 12) the ability of all parties to satisfy their performance requirements under existing supply contracts with our two major customers, Boeing and Airbus, and other customers, and the risk of nonpayment by such customers; 13) any adverse impact on Boeing's and Airbus» production of aircraft resulting from cancellations, deferrals, or reduced orders by their customers or from labor disputes, domestic or international hostilities, or acts of terrorism; 14) any adverse impact on the demand for air travel or our operations from the outbreak of diseases or epidemic or pandemic outbreaks; 15) our ability to avoid or recover from cyber-based or other security attacks, information technology failures, or other disruptions; 16) returns on pension plan assets and the impact of future discount
rate changes on pension obligations; 17) our ability to borrow additional funds or refinance debt, including our ability to obtain the debt to finance the purchase price for our announced acquisition of Asco on favorable terms or at all; 18) competition from commercial aerospace original equipment manufacturers and other aerostructures suppliers; 19) the effect of governmental laws, such as U.S. export control laws and U.S. and foreign anti-bribery laws such as the Foreign Corrupt Practices Act and the United Kingdom Bribery Act, and environmental laws and agency regulations, both in the U.S. and abroad; 20) the effect of changes in tax law, such as the effect of The Tax Cuts and Jobs Act (the «TCJA») that was enacted on December 22, 2017, and changes to the interpretations of or guidance related thereto, and the Company's ability to accurately calculate and estimate the effect of such changes; 21) any reduction in our credit
ratings; 22) our dependence on our suppliers, as well as the cost and availability of raw materials and purchased components; 23) our ability to recruit and retain a critical mass of highly - skilled employees and our relationships with the unions representing many of our employees; 24) spending by the U.S. and other governments on defense; 25) the possibility that our cash flows and our credit facility may not be adequate for our additional capital needs or for payment of interest on, and principal of, our indebtedness; 26) our exposure under our revolving credit facility to higher interest payments should interest
rates increase substantially; 27) the effectiveness of any interest
rate hedging programs; 28) the effectiveness of our internal control over financial reporting; 29) the outcome or impact of ongoing or future litigation, claims, and regulatory actions; 30) exposure to potential product liability and warranty claims; 31) our ability to effectively assess, manage and integrate acquisitions that we pursue, including our ability to successfully integrate the Asco business and generate synergies and other cost savings; 32) our ability to consummate our announced acquisition of Asco in a timely matter while avoiding any unexpected costs, charges, expenses, adverse changes to business relationships and other business disruptions for ourselves and Asco as a result of the acquisition; 33) our ability to continue selling certain receivables through our supplier financing program; 34) the risks of doing business internationally, including fluctuations in foreign current exchange
rates, impositions of tariffs or embargoes, compliance with foreign laws, and domestic and foreign government policies; and 35) our ability to complete the proposed accelerated stock repurchase plan, among other things.
The Fed maintained its forecast for two more
rate hikes this year,
following speculation on whether budding inflation would push it toward raising its outlook to three more
increases.
The 0.4 per cent growth
rate for the gross domestic product, the economy's total output of goods and services, was the weakest quarterly performance in almost two years and
followed a much faster 3.1 per cent
increase in the third quarter.
When the Federal Reserve boosts its target funds
rate, banks are quick to
follow suit by
increasing the cost of borrowing on everything from credit cards to home equity lines of credit.
Federal Reserve officials
followed through on an expected interest -
rate increase and raised their forecast for economic growth in 2018, even as they stuck with a projection for three hikes in the coming year.
The most important policy action for mitigating the damage of a recession is for the central bank to keep interest
rates low, according to the respondents,
followed by
increasing spending on transportation and other infrastructure projects.
The
increase in the benchmark
rate, when it comes, likely will be
followed by one or more decisions to leave policy unchanged.
But concerns the Fed may
increase interest
rates sooner than expected
following last week's strong jobs report are starting to creep into the market.
Among the factors that could cause actual results to differ materially are the
following: (1) worldwide economic, political, and capital markets conditions and other factors beyond the Company's control, including natural and other disasters or climate change affecting the operations of the Company or its customers and suppliers; (2) the Company's credit
ratings and its cost of capital; (3) competitive conditions and customer preferences; (4) foreign currency exchange
rates and fluctuations in those
rates; (5) the timing and market acceptance of new product offerings; (6) the availability and cost of purchased components, compounds, raw materials and energy (including oil and natural gas and their derivatives) due to shortages,
increased demand or supply interruptions (including those caused by natural and other disasters and other events); (7) the impact of acquisitions, strategic alliances, divestitures, and other unusual events resulting from portfolio management actions and other evolving business strategies, and possible organizational restructuring; (8) generating fewer productivity improvements than estimated; (9) unanticipated problems or delays with the phased implementation of a global enterprise resource planning (ERP) system, or security breaches and other disruptions to the Company's information technology infrastructure; (10) financial market risks that may affect the Company's funding obligations under defined benefit pension and postretirement plans; and (11) legal proceedings, including significant developments that could occur in the legal and regulatory proceedings described in the Company's Annual Report on Form 10 - K for the year ended Dec. 31, 2017, and any subsequent quarterly reports on Form 10 - Q (the «Reports»).
A year ago, Fortune made some predictions about how the stock market, the lending market, and the world in general would change
following that year's hike, Janet Yellen & Co.'s first interest
rate increase in nine years.
These risks include, in no particular order, the
following: the trends toward more high - definition, on - demand and anytime, anywhere video will not continue to develop at its current pace or will expire; the possibility that our products will not generate sales that are commensurate with our expectations or that our cost of revenue or operating expenses may exceed our expectations; the mix of products and services sold in various geographies and the effect it has on gross margins; delays or decreases in capital spending in the cable, satellite, telco, broadcast and media industries; customer concentration and consolidation; the impact of general economic conditions on our sales and operations; our ability to develop new and enhanced products in a timely manner and market acceptance of our new or existing products; losses of one or more key customers; risks associated with our international operations; exchange
rate fluctuations of the currencies in which we conduct business; risks associated with our CableOS ™ and VOS ™ product solutions; dependence on market acceptance of various types of broadband services, on the adoption of new broadband technologies and on broadband industry trends; inventory management; the lack of timely availability of parts or raw materials necessary to produce our products; the impact of
increases in the prices of raw materials and oil; the effect of competition, on both revenue and gross margins; difficulties associated with rapid technological changes in our markets; risks associated with unpredictable sales cycles; our dependence on contract manufacturers and sole or limited source suppliers; and the effect on our business of natural disasters.
One thing I think that is happening here is a perception that deep troubles will
follow an
increase in the prime
rate based on the raw amount of debt held by the US Government.
Neither central bank is expected to move this week, although the ECB is likely to hint that it will
follow up April's
rate rise — the first in nearly three years — with another
increase in June.
Broadly, we still prefer equities over credit due to strong earnings growth, modestly cheaper valuations
following last month's swoon and market's pricing in expectations of Fed
rate increases.
The exit would be preceded by a gradual decrease in the size of asset purchases (i.e., a slowing in the amount of extra easing),
followed by the end of asset purchases, a gradual withdrawal of excess liquidity from the system, measured
increases in the federal funds
rate and, eventually, a normalization of the Fed's balance sheet.
Over the postwar period, there have been repeated episodes of sharp interest
rate increases in the advanced countries
followed by financial crises in EMDEs.
«They have also reduced traders in the business as the electronification of the business
increases and as they see credit,
rates and commodities
follow equities and foreign - exchange onto electronic platforms.»
Daniel Conover, founder and chief operating officer of Bitcoin mining company Hash the Planet, one such HDL customer, is uncertain of the company's future in Washington
following the hike: «with the
rate increase, we couldn't survive.»
The
rate would
increase yearly to stay in - line with ad revenue or
follow its current growth trajectory.
Even if homeownership feels far away now,
following the four steps above will help you lower your monthly payments to
increase your
rate of savings for a down payment.
Declines in this measure have presaged recession half of the time and uniformly been
followed by
rate reductions rather than
rate increases.
The flight from the U.S. intensified after the Reserve Bank of Australia
increased its benchmark interest
rate earlier this month, creating an impression among some investors that other big producers of commodities, such as Norway and Canada, would
follow suit.
Continuing the theme of rising interest
rates and following up from my last blog, «With all the News of Higher Interest Rates, Don't Forget About Floating - Rate Debt,» bond laddering is a strategy that provides increased income and the ability to adjust the stream of income in a rising - interest - rate environ
rates and
following up from my last blog, «With all the News of Higher Interest
Rates, Don't Forget About Floating - Rate Debt,» bond laddering is a strategy that provides increased income and the ability to adjust the stream of income in a rising - interest - rate environ
Rates, Don't Forget About Floating -
Rate Debt,» bond laddering is a strategy that provides increased income and the ability to adjust the stream of income in a rising - interest - rate environm
Rate Debt,» bond laddering is a strategy that provides
increased income and the ability to adjust the stream of income in a rising - interest -
rate environm
rate environment.
These risks and uncertainties include food safety and food - borne illness concerns; litigation; unfavorable publicity; federal, state and local regulation of our business including health care reform, labor and insurance costs; technology failures; failure to execute a business continuity plan
following a disaster; health concerns including virus outbreaks; the intensely competitive nature of the restaurant industry; factors impacting our ability to drive sales growth; the impact of indebtedness we incurred in the RARE acquisition; our plans to expand our newer brands like Bahama Breeze and Seasons 52; our ability to successfully integrate Eddie V's restaurant operations; a lack of suitable new restaurant locations; higher - than - anticipated costs to open, close or remodel restaurants;
increased advertising and marketing costs; a failure to develop and recruit effective leaders; the price and availability of key food products and utilities; shortages or interruptions in the delivery of food and other products; volatility in the market value of derivatives; general macroeconomic factors, including unemployment and interest
rates; disruptions in the financial markets; risk of doing business with franchisees and vendors in foreign markets; failure to protect our service marks or other intellectual property; a possible impairment in the carrying value of our goodwill or other intangible assets; a failure of our internal controls over financial reporting or changes in accounting standards; and other factors and uncertainties discussed from time to time in reports filed by Darden with the Securities and Exchange Commission.
In the event of an ownership change, utilization of our pre-change NOLs would be subject to annual limitation under Section 382 determined by multiplying the value of our stock at the time of the ownership change by the applicable long - term tax - exempt
rate,
increased in the five - year period
following such ownership change by «recognized built - in gains» under certain circumstances.
The Fed would likely reduce its reinvestment of its mortgage - backed securities in the first half of next year,
following an interest
rate increase, while the BOJ and ECB both reduce asset purchases around the middle of 2016.
As this document was printed, intermediaries had not announced any changes in lending or deposit
rates following the
increase in the cash
rate in early November.
Following an interest -
rate hike by the Mexican central bank, the Mexican peso saw substantial gains as the quarter - point
increase satisfied market expectations.
Our sense is that the bank will not go another year between interest
rate increases, but rather will raise borrowing costs some three times — or more — in 2017 and then
follow that up with an encore in 2018.
The bank anticipates a 25 basis point
rate hike at the December Federal Open Market Committee (FOMC) meeting
followed by 100 basis points of
rate increases during 2016.
Among other English - speaking countries, the Bank of England has
increased official
rates by 100 basis points in four steps to 6 per cent, the Reserve Bank of New Zealand has
increased rates by 200 basis points to 6.5 per cent, and the Bank of Canada has
increased rates by 125 basis points to 5.75 per cent, with the past four
increases immediately
following the US Fed (Table 3).
An
increase in
rates will still decrease the price of high - yield bonds but not as much as with other bonds because high - yield bonds
follow the economy more closely.
Rates on home equity installment loans
follow the 10 - year Treasury yield, so will gradually
increase.
Following the two
increases in the cash
rate at the end of 2003, the Board considered at its subsequent monthly meetings whether there was a case to
increase rates further.
The Bank of England
followed the Federal Reserve by
increasing its official interest
rates by 25 basis points to 5.25 per cent in September, and another 25 basis points to 5.50 per cent in November.
In contrast, the Bank of England
increased its repo
rate by 25 basis points in February to 4 per cent,
following a similar move in November, while the Reserve Bank of New Zealand has
increased its policy
rate by 50 basis points so far this year (in two steps) to 5.5 per cent.
That
rate of growth may
increase following last year's Department of Labor guidance on impact investing, which should encourage more 401 (k) plans to offer such options.
Repayments of principal could also slow in the months immediately
following an
increase in interest
rates, if borrowers who were making more than the contractually required repayment chose to maintain their total repayment as interest
rates rose, thereby allowing the amount of principal repaid to fall.
In fixed income,
rate hikes by the Fed have led to higher interest
rates on the short end of the yield curve, while longer - term
rates have remained more contained (despite recent
increases following tax reform).
Select from 1, 3, 5, 7, or 10 year periods during which the interest
rate remains unchanged,
followed by 1 - year periods in which the interest
rate may
increase or decrease on an annual basis resulting in a change in your monthly payment amount
China's credit
rating was downgraded one notch to A + by
ratings agency Standard & Poor's (S&P), which cited
increased economic and financial risks,
following the significant rise in the country's debt levels since the global financial crisis.
In Latin America, Brazil moved to lower official interest
rates back towards more accommodative levels
following earlier
increases aimed at supporting the Brazilian real.
«Today's short - term
rate hike will be
followed by several additional rounds of
increases in 2017 and 2018.
After only modest growth initially
following the 2001 global recession, international trade in goods and services has rebounded strongly of late,
increasing by about 10 per cent in 2004, or approximately double the
rate of growth in world GDP (Graph A1).
Following the
increase in the cash
rate, a number of smaller lenders announced
increases in their variable lending
rates, though, at the time of writing, most large lenders had not adjusted
rates.
Input costs are widely reported to have
increased following the depreciation of the exchange
rate.
The CPI rose at a seasonally adjusted annual
rate of 3.6 %,
following a 2.5 %
increase in August.
The expectation is that Powell will
follow the Fed's already - announced normalization schedule, which calls for slowly reducing the Fed's $ 4.2 trillion balance sheet, by rolling off maturing mortgage - backed securities (MBS) and longer - term Treasuries, and gradually
increasing the target range for the fed funds
rate.
The Turkish
rate hike, which pushed the overnight
rate to 12 %,
followed a surprising
increase in India on Tuesday, as Delhi moved to dampen rising prices even as the South Asian giant faces its slowest growth in a decade.