Concerns over rising interest rates also factored into the equation after the Federal Reserve gave no indication on Wednesday that it would abandon its approach
of gradual policy normalization.
Not exact matches
This appears to justify a
gradual reining in
of the degree to which monetary
policy is stimulating the economy.
The Fed is likely to continue on a path
of «
gradual policy movements,» says Michael Kelly
of PineBridge Investments.
Critics have worried that the Fed has missed opportunities to normalize
policy, but Yellen said «the risk
of falling behind the curve in the near future appears limited, and
gradual increases in the federal funds rate will likely be sufficient to get to a neutral
policy stance over the next few years.»
«A reasonable case can be made for continuing to pursue a
gradual normalization
of monetary
policy,» he added in prepared remarks to the South Shore Chamber
of Commerce in Quincy, Massachusetts.
«The failure to deliver tax reform and the slower relative growth likely keep us on the path
of gradual normalization in interest rate
policy,» said the analysts, who see the S&P 500 falling to 2,550 from its Monday close
of 2,572.83.
She stated repeatedly Wednesday that her march to a more normal interest - rate setting will be «
gradual,» and that she likely will stop well short
of the rate that traditionally has been associated with a neutral
policy rate.
Australia's wage growth should show «
gradual» improvement and flow through to monetary
policy later this year or in in early 2019, says Gareth Aird
of CBA.
The US Dollar was boosted overnight by prospects
of Fed continuing the path
of gradual monetary
policy normalization in light
of inflation in the US approaching the targeted levels but retreated somewhat during the European trading on Thursday on profit - taking.
As rates creep higher overseas in response to the
gradual removal
of policy accommodation in Europe and Asia, foreign buyers will have less incentive to hunt for yield in U.S. bonds.
The sequence
of crisis and
policy responses after mid-2007 was a
gradual recognition
of the unsustainability
of the euro - area
policy framework.
All these assessments were consistent with what the Board staff had provided and were viewed as likely to continue assuming a continuation
of the
gradual adjustment in
policy.
The policymakers» response was to go from «denial to political and
policy catch - up to the
gradual emergence
of a more holistic approach through four interrelated components.»
In particular, to the extent that the effect on inflation
of further
gradual tightening in labor market conditions is likely to be moderate and
gradual, the case to tighten
policy preemptively is less compelling.
Potenza: I think the health
of the economy supports a continuation
of the Fed's plan to tighten monetary
policy, though I believe it will be a
gradual process.
Within his first week in office, he lifted capital controls that had prevented companies from repatriating dividends and devalued the peso, ending years
of a
gradual - decline
policy that kept the currency overvalued as inflation soared.
Now consider that we have a
gradual and thoughtful Fed
policy of tightening while we also have what was a predictable and measurable path
of fiscal easing.
April's jobs report makes a case that the Fed's initial
policy rate hike should begin September, with a
gradual pace
of movement from there.
The IMF said in October it expected Canada to consider raising rates, or a «
gradual tightening»
of monetary
policy, in late 2014.
To keep the economy on a sustainable path, I expect that it will be appropriate to remove monetary
policy accommodation at a regular but
gradual pace — and perhaps a bit faster than the three, one - quarter point increases envisioned for this year in the assessment
of appropriate
policy from the December 2017 FOMC meeting.
take us through this history, it becomes clear that although the U.S. Federal government supported the notion
of employee ownership throughout most
of its history, recent decades have seen a
gradual but undeniable roll back in federal
policies supporting these forms
of corporations.
While the latest jobs data may be decisive in convincing Fed policymakers to begin normalizing monetary
policy, lingering softness in some parts
of the US economy means that
policy tightening should, as Janet Yellen put it, proceed at a «
gradual and measured pace.»
Nonetheless, the Committee continues to anticipate that
policy actions to stabilize financial markets and institutions, fiscal and monetary stimulus, and market forces will contribute to a
gradual resumption
of sustainable economic growth in a context
of price stability.
the Committee anticipates that
policy actions to stabilize financial markets and institutions, together with fiscal and monetary stimulus, will contribute to a
gradual resumption
of sustainable economic growth.
Fed normalization is likely to be very
gradual and easy global monetary
policy is supportive
of U.S. Treasuries.
Market observers will dissect the nuances
of Powell's comments and the Fed's economic forecasts to determine what may come next, but the Fed appears to be continuing its
gradual, data - driven approach to
policy decisions.
China's
policy makers are likely to continue their
gradual process
of liberalizing the currency toward a market - determined exchange rate.
The statement repeated that «with further
gradual adjustments in the stance
of monetary
policy, economic activity will expand at a moderate pace in the medium term and labor market conditions will remain strong.»
«I expect that with
gradual adjustments in the stance
of monetary
policy, the economy will continue to expand and the job market will strengthen further, supporting faster growth in wages and incomes,» she said.
The Fed raised
policy rate levels by a quarter point at its mid-March meeting, and the U.S. economy has achieved sufficient levels
of unemployment and inflation to encourage further
gradual policy tightening this year and into next.
With regard to war, two factors prevented international conflict from being specifically dealt with in the New Testament as a pressing problem: the apocalyptic expectation
of the world's immediate end, so that the
gradual reform
of social institutions was not in the picture, and the further fact that the first Christians had no responsibility for governmental
policies or influence in determining them.
There he says, one, that the shift from the concept
of «the State's role as providers
of equal opportunities to every citizen» to that
of providing education, health and other social services «to those who can afford to pay» is a U-turn in public
policy which «has been made surreptitiously by administrative action without public discussion and legislative sanction»; two, that the total commercialization
of social sectors is «alien even to free market societies»; and three, that «the ready acceptance
of self - financing concept in social sectors alien even to free - market societies is the end result
of gradual disenchantment with the Kerala Model
of Development», which has been emphasizing the social dimension rather than the economic, but that it is quite false to present the situation as calling for a choice between social development and economic growth.
The
gradual reduction
of the population after reaching zero population growth has been an explicit part
of China's
policy.
Just as the
policy of various ministries ranged over time from vigorous repression
of the socialists to tacit encouragement
of them, especially in their efforts to unionize the workers, so the
policy of the Socialist party modulated from one
of intransigent opposition to the entire «bourgeois regime» to one
of gradual acceptance
of the framework
of democratic institutions.
Fox tells the story from beginning to end: childhood in the German - American parsonage; nine grades
of school followed by three years in a denominational «college» that was not yet a college and three year's in Eden Seminary, with graduation at 21; a five - month pastorate due to his father's death; Yale Divinity School, where despite academic probation because he had no accredited degree, he earned the B.D. and M.A.; the Detroit pastorate (1915 - 1918) in which he encountered industrial America and the race problem; his growing reputation as lecturer and writer (especially for The Christian Century); the teaching career at Union Theological Seminary (1928 - 1960); marriage and family; the landmark books Moral Man and Immoral Society and The Nature and Destiny
of Man; the founding
of the Fellowship
of Socialist Christians and its journal Radical Religion; the
gradual move from Socialist to liberal Democratic politics, and from leader
of the Fellowship
of Reconciliation to critic
of pacifism; the break with Charles Clayton Morrison's Christian Century and the inauguration
of Christianity and Crisis; the founding
of the Union for Democratic Action, then later
of Americans for Democratic Action; participation in the ecumenical movement, especially the Oxford Conference and the Amsterdam Assembly; increasing friendship with government officials and service with George Kennan's
policy - planning group in the State Department; the first stroke in 1952 and the subsequent struggles with ill health; retirement from Union in 1960, followed by short appointments at Harvard, at the Center for the Study
of Democratic Institutions, and at Columbia's Institute
of War and Peace Studies; intense suffering from ill health; and death in Stockbridge, Massachusetts, in 1971.
This career change seems to be the culmination
of Bittman's
gradual evolution from mere recipe writer to food
policy thinker, evidenced by his latest book, Food Matters.
The American Academy
of Pediatrics» current
policy statement recommends breastfeeding for your baby's first 6 months and then continuing to breastfeed with the
gradual introduction
of solids from around 6 months until at least 12 months.
Recall that during the long years
of opposition, Labour actually had socialist
policies - and dumping them was
gradual rather than sudden.
While the recent change
of principal characters in US foreign
policy suggests a sea - change, this has arguably been a
gradual rising
of the waters rather than a spring flood.
«Sally is right that it would take a sea change in
policy at the NIH» to gradually shift money «from R01s to training grants,» Tilghman writes in an e-mail that emphasizes the importance
of making the shift
gradual.
«I've always thought that the phrase «global warming» was something
of a misnomer because it suggests that the phenomenon is something that is uniform around the world, that it's all about temperature, and that it's
gradual,» Holdren said yesterday at the annual AAAS Forum on Science and Technology
Policy in Washington, D.C. (AAAS publishes ScienceInsider.)
While there has been a
gradual increase in the number
of school - based health clinics, which provide preventive and remedial care and even crisis interventions, clinics serve only a small minority
of students, and few states and districts have
policies in place to help them scale up and become sustainable.
An increased share
of disadvantaged students could affect overall district test scores, but with a
gradual demographic shift, changes might be small or imperceptible from year to year and don't necessarily indicate changes in school quality, said Michael Hansen, director
of the Brown Center on Education
Policy at the Brookings Institution.
The
policy dilemma is whether different - ness is precious enough, if with it comes
gradual erosion
of the «different» sector itself.
Creating new resources, processes, and values is hard and
gradual work — The temptation
of any reform agenda — especially one as rational and intuitive as competency - based education — is to imagine that vis - a-vis
policy change or
of their own will, schools can simply flip a switch and suddenly exist in this new, mastery - based paradigm.
The greatest temptation for change in reform is a
gradual watering down
of the
policies.
Despite its
gradual roll out, all
of this spending and effort had very little effect on student outcomes on Florida's state tests known as FCAT, according to a
policy brief by the Brookings Institution titled, «Class Size: What Research Says and What it Means for State Policy&r
policy brief by the Brookings Institution titled, «Class Size: What Research Says and What it Means for State
Policy&r
Policy».
The following paragraphs detail two possible
policy options for expanding the number
of prospective and new teachers who participate in successful clinical residency
gradual entry programs.
The global economy should be able to cope with moderately higher rates as central banks take a
gradual approach to the removal
of accommodative
policy.
Although bond yields have already started to rise in recent months in anticipation
of a reduction
of monetary stimulus in the US, we expect future increases to be moderate in the face
of what is likely to be a
gradual pace
of policy tightening by both the US and Canadian central banks.