Not exact matches
The value of commercial and industrial loans of less than $ 1 million — a common proxy for small business lending — was 17 percent
lower in June of this year than it was at the beginning of the recovery — when
measured in
inflation adjusted terms.
SC: It is very encouraging to see the ECB being open - minded about further easing
measures given slow growth and very
low inflation.
Mired in a world of
low growth,
low inflation and
low interest rates, officials from the Federal Reserve, Bank of Japan and the European Central Bank said their efforts to bolster the economy through monetary policy may falter unless elected leaders stepped forward with bold
measures.
Other
inflation measures have been even
lower, with the Fed's preferred gauge, the personal consumption expenditures index, at 1.4 percent.
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.
However, our core
inflation measures are all in the
lower half of the target band and have been trending downward.
Low or negative real interest rates,
measured by the difference between the 3 - month Treasury bill yield and the year - over-year rate of CPI
inflation.
In fact, some
measures of real, or
inflation - adjusted earnings, are
lower than they were during the Reagan era.
Over the three years to June 1993,
inflation as
measured by the CPI averaged around 2 per cent a year; the last three - year period to show such a
low inflation rate was in the early 1960s.
Still,
low inflation has enabled the Fed to pursue extraordinary
measures to boost the economy.
In addition, a widely used
measure of future
inflation based on US Treasury Inflation - Protected Securities, which had mirrored the slump in the price of oil and had fallen to its lowest level since the global financial crisis by early February, rebounded in line with the pickup in oi
inflation based on US Treasury
Inflation - Protected Securities, which had mirrored the slump in the price of oil and had fallen to its lowest level since the global financial crisis by early February, rebounded in line with the pickup in oi
Inflation - Protected Securities, which had mirrored the slump in the price of oil and had fallen to its
lowest level since the global financial crisis by early February, rebounded in line with the pickup in oil prices.
Inflation has, nonetheless, edged higher over the past year or two, with underlying
measures having increased from a
low of around 1 1/2 per cent in late 1997 to around 2 per cent now.
In the early 1920s, stock market valuation was comparatively
low, as
measured by the
inflation - adjusted present value of future dividends.
Throughout the 1990s, economists were absorbed by the issue of the permanence of
low inflation, as
measured by the annual change in a weighted basket of consumer goods and services, the CPI.
But with that said, the FOMC has stated that «market - based
measures of
inflation compensation remain
low».
Inflation expectations, as measured by the difference between yields on 10 - year nominal Treasury notes and Treasury inflation protected securities (Tips), have risen to 2.25 per cent from a low of around 2.10 a m
Inflation expectations, as
measured by the difference between yields on 10 - year nominal Treasury notes and Treasury
inflation protected securities (Tips), have risen to 2.25 per cent from a low of around 2.10 a m
inflation protected securities (Tips), have risen to 2.25 per cent from a
low of around 2.10 a month ago.
As Matthews explains, the thresholds for individual tax brackets are adjusted according to chained CPI, a
lower measure of
inflation than standard CPI, which is used currently.
The core chain price (PCE)
measure of
inflation, favoured by the Federal Reserve, is even
lower at around 0.7 per cent.
Consumer price
inflation in the euro area increased to 2.1 per cent over the year to October, primarily due to higher food and energy prices; the core
measure of
inflation is
lower at 1.7 per cent (Graph 9).
The Federal Reserve's (Fed's) preferred
measure of
inflation, core personal consumption expenditure (PCE), is at a one - year
low of 1.60 %.
The various
measures of underlying
inflation recorded slightly
lower outcomes in the quarter, although on a year - ended basis they show
inflation at a similar rate to the headline
measure (Table 14; Graph 71).
The Fed rate statement also noted that «market - based
measures of
inflation compensation remain
low», a reference to soft wage growth, which is at 2.7 %,
lower than the 3 % rate that the Fed would like to see.
Looking back over the past 25 years, a period of
low and stable
inflation, stock / bond correlation has generally moved in tandem with monetary policy, as
measured by the effective federal funds rate.
The
measure limits levy increases to 2 percent or the rate of
inflation, whichever is
lower.
The recent NHS pay review body report estimated that by 2019 nurse pay will be 20 %
lower in real terms than in 2010 when
inflation is
measured using Retail Price Index (RPI) and 12 %
lower on the Consumer Price Index (CPI).
The
low cap is due to record -
low inflation and is reviving a push from education advocates the Legislature considering altering the
measure so that the limit is at 2 percent, not tied to the consumer price index.
A supermarket food price war and
lower petrol price
inflation are expected to have brought the headline consumer price index
measure of
inflation down for the sixth month running in March.
TIPS are considered an extremely
low - risk investment since they are backed by the U.S. government and because the par value rises with
inflation, as
measured by the Consumer Price Index, while the interest rate remains fixed.
The central bank's president, Mario Draghi, addressed the
low inflation issue by saying that the
measure of
inflation would remain
low over the upcoming months, but he would expect it to eventually rise back to the central bank's target rate of just under 2 %.
Voting against the action were Richard W. Fisher, who believed that, while the Committee should be patient in beginning to normalize monetary policy, improvement in the U.S. economic performance since October has moved forward, further than the majority of the Committee envisions, the date when it will likely be appropriate to increase the federal funds rate; Narayana Kocherlakota, who believed that the Committee's decision, in the context of ongoing
low inflation and falling market - based
measures of longer - term
inflation expectations, created undue downside risk to the credibility of the 2 percent
inflation target; and Charles I. Plosser, who believed that the statement should not stress the importance of the passage of time as a key element of its forward guidance and, given the improvement in economic conditions, should not emphasize the consistency of the current forward guidance with previous statements.
Market - based
measures of
inflation compensation remain
low; survey ‑ based
measures of longer - term
inflation expectations have remained stable.
They offer
low - risk
inflation protection because the bond's coupon payments increase with
inflation, as
measured by the Consumer Price Index.
Inflation, as
measured by Core CPI, has been maintained at less than 4 % for the last 20 years and is currently coming off record
low levels below 1 %.
Interest rates, both nominal and real (i.e. after
inflation), are incredibly
low, but other
measures of financial conditions are less benign.
Because multiples were
low and
inflation measures were flattening out, there was no signal prior to the nearly 30 percent decline during the summer of 1982, which marked the end of a 17 - year secular bear market.
The Singapore central bank's core
inflation measure rose 1.5 per cent, slightly
lower than the 1.6 per cent increase in May.
10) Merely because
measured employment is strong, and
measured inflation is
low, does not mean monetary policy is being conducted properly.
There are three factors that led to monetary policy to be more asset - inflationary, leading the more credit - sensitive monetary aggregates to expand more aggressively while
measured consumer price
inflation remained
low.
Market - based
measures of
inflation compensation remain
low; most survey - based
measures of longer - term
inflation expectations are little changed, on balance, in recent months.
Market - based
measures of
inflation compensation have moved up but remain
low; most survey - based
measures of longer - term
inflation expectations are little changed, on balance, in recent months.
They don't think the costs to waiting are significant, particularly given how
low measured inflation and and implied future
inflation are.
Another factor in holding down the 2011 deficit was that
measured inflation was
low, there were no cost of living adjustments [COLAs], when assumptions expected 2.5 % or so.
Currently, the unemployment rate remains elevated, and
measures of underlying
inflation continue to be somewhat
low, relative to levels that the Committee judges to be consistent, over the longer run, with its dual mandate.
Fed officials have argued that despite recent jumps in the prices of commodities and food,
inflation is in check because underlying
measures have climbed only modestly from historic
lows.
The expectations of
inflation are
low, at least as far as institutional investors are concerned, even as the
measure of
inflation underlying TIPS rolls ahead at 4 % or so.
Market - based
measures of
inflation compensation have moved up considerably but still are
low; most survey - based
measures of longer - term
inflation expectations are little changed, on balance, in recent months.
Series I bonds pay a fixed interest rate that is
lower than the rate for EE savings bonds, but they also pay a variable rate that increases with
inflation (as
measured by the Consumer Price Index) and is recalculated semiannually.
They use a different
inflation measure based on personal consumption expenditures, which runs
lower than the consumer price index.