The money will come from a 2008 Housing and Urban Development (HUD) Lead Hazard Control grant recently re-funded as
part of the Fiscal Stimulus Bill.
ING - Diba economist Carsten Brzeski noted wryly that the only thing that could bring it about sooner is the kind
of fiscal stimulus in places like Italy and Greece that Berlin has been fighting against tooth - and - nail.
«There is real fear here that, given the
amount of fiscal stimulus that's been put in place, which the U.S. economy is already doing very well, there could be overheating risk,» Sim Moh Siong, currency strategist at Bank of Singapore, told CNBC on Monday.
The uncertainty we face in 2017 is therefore twofold: What
kind of fiscal stimulus will we see, and when will we see it?
And cheaper gas at the pumps, courtesy of lower oil prices, will come as a form
of fiscal stimulus for consumers in both the U.S. and Canada, leaving more money in their pockets to spend on other things.
But should investors continue to recalibrate the
likelihood of fiscal stimulus, one of the main drivers of markets since November is likely to ebb.
Although the Harper Government provided a detailed analysis of what the impact
of the fiscal stimulus measures on economic growth and job creation, the Minister of Finance has yet to provide any details of what impact the restraint measures might have on economic growth and job creation.
«A lot of that has to do with an upward outlook on the European economy and also the dollar weakness,» which is due to subdued
expectations of fiscal stimulus and tax reform.
The New Economics Forum thinktank suggests that, contrary to Gordon Brown's pledge to spend ten per cent
of the fiscal stimulus on «environmentally important technologies», just 0.6 per cent is being spent on greening the economy.
They contend that the withdrawal
of fiscal stimulus as well as competitive dynamics will sooner or later cause profit margins to revert to the mean, unmasking substantial equity overvaluation.
Rudd plans third stimulus Treasury is preparing the ground for a massive new
burst of fiscal stimulus in next month's budget, declaring that the measures to date have averted a plunge in consumer spending.
He sees upside risk to S&P's forecast of 2.8 percent real growth in the economy this year — in large part
because of the fiscal stimulus of the recent budget ($ 300 billion in increased government spending over two years) and of the tax cuts that take effect this year.
There are also growing doubts on the size and
scope of fiscal stimulus the Trump administration may inject into the U.S. economy with campaign promises on tax reform, financial regulation rollbacks and infrastructure spending either still on the drawing board or facing hurdles in Congress.
If you put a
lot of fiscal stimulus — particularly big personal income - tax cuts — if you put that on an economy that's already at full employment, that's like putting a well - done steak on broil.»
«Neither March retail sales or CPI suggest US consumption is responding quickly to tax cuts while the Fed concentrates on the potential
risks of fiscal stimulus.
The «Joe Six - Pack» world sees President Trump's proposed
policies of fiscal stimulus, infrastructure spending, deregulation and protectionist measures along with a Fed rate hike cycle.
Mr Darling said he was introducing a green stimulus, ensuring part
of the fiscal stimulus supports low - carbon growth and jobs by accelerating # 535 million of capital spending on energy efficiency, rail transport and adaptive measures.
There has to be a further demand impulse — be it a decline in household saving rates, a rise in business investment relative to profits, a further
expansion of fiscal stimulus or an improvement in the net trade balance via an increase in exports relative to imports.
Domestically, infrastructure and construction spending — part
of a fiscal stimulus plan and the buildout for the 2020 Olympics — have also added to growth.
The Bank of Canada held off on a further rate cut this week, opting instead to wait and see the size and
structure of fiscal stimulus in the upcoming federal budget.
«With President Trump expected to embark on a
programme of fiscal stimulus, reduced regulation and infrastructure investment, there is potential for stronger growth in 2017.»
It would only be distributionally fair as part of a broader package with more progressive elements (such a great deal for the Daily Mail reading classes might even buy political cover for other pro-poor
elements of fiscal stimulus).
«Automatic stabilisers» — the fall in revenue and rise in obligatory spending after the double - dip into recession — ensured an
extension of the fiscal stimulus, with the deficit only halved and not eliminated in the coalition's five - year term.
Inflation expectations have been on the rise since before the U.S. election, but markets are now more convinced of higher inflation to come due to President - elect Trump's
talk of fiscal stimulus and tax cuts.
The immediate positive response from corporate America has been impressive as the transmission
mechanism of fiscal stimulus has been expressed with intentions to increase wages and bonuses, repatriate billions of dollar of foreign - domiciled capital, boost investment (capital expenditure and research and development), and bolster shareholder outlays.
Of course, this is preceded & accompanied by an equally unprecedented (in absolute & real terms) central bank experiment in monetary stimulus (with
oodles of fiscal stimulus thrown in, for good measure)-- the Fed alone has conjured up almost 4 trillion dollars out of thin air.
We don't see Canadian rates across the curve coming under as much pressure as in the U.S., where inflation risks are higher because of the procyclical
boost of the fiscal stimulus.
A massive
dose of fiscal stimulus measures, including both deficit - financed tax cuts and federal government spending increases, has just begun to hit the economy.»
And cheaper gas at the pumps, courtesy of lower oil prices, will come as a
form of fiscal stimulus for consumers in both the U.S. and Canada, leaving more money in their pockets to spend on other things.
But for now, the economy continues to exceed expectations, suggesting the
combination of fiscal stimulus and ultra-low interest rates finally jolted Canada's economy out of a multi-year malaise.
Aerospace and defense led markets sharply higher following Trump's election and the
idea of fiscal stimulus — lower taxes, higher defense spending - it ostensibly promised.
But should investors continue to recalibrate the
likelihood of fiscal stimulus, one of the main drivers of markets since November is likely to ebb.
U.S. - led economic reflation, Federal Reserve rate increases and
expectations of fiscal stimulus are likely to widen the gap between U.S. and overseas interest rates.