to a detailed analysis of wage and
inflation trends in the United States.
In the short - term, however, we think low
inflation trends in the eurozone mean the ECB is likely to remain accommodative for quite some time.
This confirms the ongoing
inflation trend in football players» transfer market,» said the report authors.
Not exact matches
«Rising
inflation expectations, an overall bullish commodity
trend (late - cycle preference for commodities), geopolitical and financial risks are being offset by a rising dollar and rising real - rates,» Saxo Bank analysts said
in a note.
«
In the grand scheme of things, this report merely shows that euro zone inflation pressures returned to «trend» in May following an unsustainable jump in April,» Claus Vistesen, chief euro zone economist at Pantheon Macroeconomics, said in an emai
In the grand scheme of things, this report merely shows that euro zone
inflation pressures returned to «
trend»
in May following an unsustainable jump in April,» Claus Vistesen, chief euro zone economist at Pantheon Macroeconomics, said in an emai
in May following an unsustainable jump
in April,» Claus Vistesen, chief euro zone economist at Pantheon Macroeconomics, said in an emai
in April,» Claus Vistesen, chief euro zone economist at Pantheon Macroeconomics, said
in an emai
in an email.
Indeed, this
trend was backed up by data showing China «s imports rose for the first time
in nearly two years
in August as firms restocked and wholesale
inflation expectations rose.
The index, which the BOJ scrutinises
in gauging the broad price
trend, showed annual consumer
inflation slowed to 1.1 %
in January from 1.3 %
in December.
Indeed, the broader
inflation trends shown
in Friday's data confirm recent signs of a more sure - footed recovery
in the world's second - biggest economy, allowing authorities to resist any fresh monetary easing as they move to curb an unsustainable build up of credit
in the financial system.
Polish
inflation figures which often predict
trends in the rest of the region, showed a pick - up
in the annual rate to 1.6 percent
in April from 1.3 percent a month earlier, largely
in line with expectations.
At the core could be a general drop
in «underlying» or long - term
trend inflation that is feeding on itself and keeping the rate low, simply because that is what consumers have come to expect.
With the
inflation - adjusted value of small business loans still under 80 % of what it was
in 2007, that's a concerning
trend.
Although a number of temporary factors are keeping headline
inflation near its 2 per cent target, our measures of core
inflation are
in the lower half of the target band and have been
trending downward
in recent quarters.
The Bank also monitors a set of «core»
inflation measures that allow the Bank to «look through» temporary changes
in total CPI and focus on the underlying
trend of
inflation.
Core
inflation is higher than the underlying
trend, because a decline
in the dollar is raising the prices of imports.
Finally,
in a nominal GDP targeting regime, a decline
in r - star caused by slower
trend growth automatically leads to a higher rate of
trend inflation, providing a larger buffer to respond to economic downturns.
The weak economic performance
in the first half of this year means that Canada has more excess capacity, which is increasing the downward pressure on the underlying
trend in inflation.
«The extra reward you get
in the form of higher yields from stretching on maturity will come back to haunt you should
inflation trend upwards faster than expected,» said financial advisor Manisha Thakor, director of wealth strategies for women at The BAM Alliance.
This,
in turn, has put downward pressure on
trend inflation.
Despite the slump
in inflation expectations and other signs that U.S. growth remains below
trend, I don't view deflation as a real risk.
However, Meyer acknowledged signs of a slow recovery
in the housing market, which should add 0.2 % to GDP this year, while her colleague Priya Misra, head of U.S. rates strategy, said
inflation is not a concern because the U.S. Treasury market is on a continued flattening
trend.
Asia has displayed the strongest growth of any emerging region, as well as favorable
trends in inflation and current accounts measures (Source: IMF, Bloomberg).
The underlying
trend in inflation is still around 1.5 to 1.7 per cent.
Total
inflation, however, remains much lower than the underlying
trend because of past declines
in fuel prices.
In turn, the Treasury market may become increasingly sensitive to hawkish statements from Fed governors and economic updates that support the narrative that
inflation is
trending higher.
The economy has been operating below full capacity for some time, which is why we estimate that the underlying
trend in inflation is running at around 1.5 per cent to 1.7 per cent.
A sustainable rise
in the 10 - year implies that
inflation will
trend higher.
Among the possible explanations cited were transitory factors, secular
trends in globalization and technology, and a decline
in inflation expectations.
Recent increases
in inflation expectations have triggered repricing
in the fixed - income markets, but we expect
inflation and bond yields to
trend only modestly higher.
It is worth noting that there was a clear downward
trend in inflation between 1980 and 1990, interrupted by the effects of the exchange rate depreciation
in the middle.
«Recent declines
in inflation are not solely «idiosyncratic,» but also reflect broader
trends that are likely to persist,» says Ellen Zentner, Morgan Stanley's Chief U.S. Economist.
To do so credibly would presumably require confidence that the upward
trend in inflation seen over the past couple of years would be likely to turn down.
Even the tame July
inflation numbers did little to reverse the unrelenting upward
trend in core
inflation, and wage
inflation is still very strong.
In our presentation, we note that there have been shifting trends in inflation expectations in the past year alon
In our presentation, we note that there have been shifting
trends in inflation expectations in the past year alon
in inflation expectations
in the past year alon
in the past year alone.
* Information efficiency * Economic slack * Contained
inflation * Coordinated Central Banks * The growth of China and India and their continued purchasing of US debt * The growing perception that US dollar denominated assets are the safest assets
in the world * A 30 + year
trend of declining rates that is telling us we're more adept at managing
inflation with each new cycle that passes
Because the 10 - year yield is dictated by the market, and the market still won't believe
in aggressively higher long - term
inflation given the 30 + year downward
trend.
In circumstances where the forecast lies outside the range over the policy horizon, the forecast path for inflation should be such that inflation would be expected to return to between 2 and 3 per cent within a reasonable period, that is, the trend in inflation should be clearly back toward the target rang
In circumstances where the forecast lies outside the range over the policy horizon, the forecast path for
inflation should be such that
inflation would be expected to return to between 2 and 3 per cent within a reasonable period, that is, the
trend in inflation should be clearly back toward the target rang
in inflation should be clearly back toward the target range.
However, our core
inflation measures are all
in the lower half of the target band and have been
trending downward.
In each issue I summarize developments and
trends for the economy, labour markets,
inflation and wages, and also include short pieces of 1 - 2 pages on related topical issues.Â
In this issue, the focus -LSB-...]
Our discussions focused on how we should look through the choppiness
in recent data to see the underlying
trends, and what these
trends mean for the
inflation outlook.
The Bank judges that the underlying
trend in inflation continues to be about 1.5 to 1.7 per cent.
As we noted
in our July Monetary Policy Report, when all the temporary factors are stripped out, the underlying
trend in inflation in Canada is
in the range of 1.5 per cent to 1.7 per cent, below our target of 2 per cent.
Governing Council continues to see the underlying
trend in inflation as somewhat below 2 per cent, given the persistent, and recently widening, slack
in the economy.
Given the absence of a public trading market of our common stock, and
in accordance with the American Institute of Certified Public Accountants Accounting and Valuation Guide, Valuation of Privately - Held Company Equity Securities Issued as Compensation, our board of directors exercised reasonable judgment and considered numerous and subjective factors to determine the best estimate of fair value of our common stock, including independent third - party valuations of our common stock; the prices at which we sold shares of our convertible preferred stock to outside investors
in arms - length transactions; the rights, preferences, and privileges of our convertible preferred stock relative to those of our common stock; our operating results, financial position, and capital resources; current business conditions and projections; the lack of marketability of our common stock; the hiring of key personnel and the experience of our management; the introduction of new products; our stage of development and material risks related to our business; the fact that the option grants involve illiquid securities
in a private company; the likelihood of achieving a liquidity event, such as an initial public offering or a sale of our company given the prevailing market conditions and the nature and history of our business; industry
trends and competitive environment;
trends in consumer spending, including consumer confidence; and overall economic indicators, including gross domestic product, employment,
inflation and interest rates, and the general economic outlook.
Firming healthcare
inflation should support the aggregate core
inflation measure despite the more muted
trends in core goods.
It was
in response to this
trend, as much as anything else, that Fed officials this fall started talking about the need to maintain price stability —
in this case, by trying to boost
inflation.
* Information efficiency * Economic slack * Coordinated central banks * The dominance of China and India and their increased purchase of US debt * USD and US assets as a continued safe haven * Rates have been going down for 30 + years
in a row, the
trend is telling us we're more adept at managing
inflation with each new cycle
They help us to see through shocks and give a better guide to what is happening to the underlying
trend in inflation.
And it is quite likely that this change occurs
in reaction to the current economic data flow, which reveals core
inflation to be
trending upward, nearing the Fed's target of 2 %.
The
Inflation GPS, developed with BlackRock's Scientific Active Equity team, incorporates big data on price trends and a daily - updated «nowcast» of inflation - related statistics to give a read on where core inflation is headed in major e
Inflation GPS, developed with BlackRock's Scientific Active Equity team, incorporates big data on price
trends and a daily - updated «nowcast» of
inflation - related statistics to give a read on where core inflation is headed in major e
inflation - related statistics to give a read on where core
inflation is headed in major e
inflation is headed
in major economies.
The Reserve Bank of Australia cut the cash rate
in May from 2 per cent to a record low 1.75 per cent out of concern that
inflation was
trending too low, following first - quarter
inflation data that showed prices had fallen 0.2 per cent
in the first three months of the year.