The Educational Policy Institute (EPI) claims that an additional # 1.3 billion is needed to compensate for
inflation pressures faced by schools.
Not exact matches
And while indicators such as retail sales and exports are solid, there is little evidence of
inflation, meaning the central bank
faces no serious
pressure to cool the economy.
While the central banker is expected to hold off from raising borrowing costs for a second straight policy decision on Wednesday, and retain a degree of prudence in his rhetoric, Poloz will probably
face mounting
pressure to return to the rate - hike path soon, with
inflation and growth beginning to pick up.
Could the economy have successfully negotiated the period of robust growth, and rising
inflation, in the first half of 2000, in the
face of strong downward
pressure on the exchange rate, with interest rates maintained at 4 3/4 per cent?
In that sense, the Fed has the potential to make a huge structural difference in the economic lives of blacks and other minorities by heavily weighting the full employment part of the their mandate relative to the
inflation part, especially since there's still considerable slack in the job market, with lower - wage, minority workers
facing the brunt of it, and — importantly — little evidence of inflationary
pressure (if anything, the Fed has missed their
inflation target on the low side for a few years running now).
In contrast, core
inflation, which strips out the most volatile
inflation components, is
facing upward
pressure because recent declines in the exchange rate are boosting the prices of imported goods.
If
inflation takes off, the Federal Reserve will
face incredible
pressure to not raise rates as quickly as monetary historians like Jamie Dimon recommend.
Argentina's central bank has also pushed up rates in recent days, and in South Africa, which
faces a similar mix of weakening growth and high
inflation, rate setters were under
pressure to follow suit at their meeting Wednesday.
Faced with the usual
pressure to help the government pay its bills, Fed officials, and a pliant or weak Fed Chair especially, might cave - in to the government's demands while still meeting the Fed's
inflation targets.
The bank's reluctance to aggressively tighten policy in the
face of double - digit
inflation has increased concern that it is under
pressure from Turkish President Recep Tayyip Erdoğan.
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And while indicators such as retail sales and exports are solid, there is little evidence of
inflation, meaning the central bank
faces no serious
pressure to cool the economy.
In contrast, core
inflation, which strips out the most volatile
inflation components, is
facing upward
pressure because recent declines in the exchange rate are boosting the prices of imported goods.