But U.S. realized inflation, inflation expectations and inflation breakevens are poised to grind modestly higher, so the Fed will eventually have to reconsider
the importance of price stability versus other more global factors.
Not exact matches
Given the fragile nature
of price expectations and the
importance of getting actual inflation back towards 2 1/2 per cent relatively quickly to reinforce the
stability of price expectations, the response
of policy, even with the benefit
of hindsight, seems about right (Graph 3).
On the economic and business side, emphasis was put on the
importance of being part
of single European home market with access to over 250 million people for British business, industry, jobs, and future prosperity; greater bargaining strength in matters related to issues such as energy and trade negotiations; and the ability to take advantage
of the Common Agricultural Policy with the
price stability and guaranteed food supplies that it brought with it.
You will hear Canadian bankers talk
of the
importance of financial
stability, yet they routinely have engaged in
price wars to maintain their shares
of the mortgage market.