Sentences with phrase «opening of a tightening cycle»
Not exact matches
Since the beginning of its current tightening cycle in June 2004, the federal funds rate has been increased from 1.0 per cent to 2.5 per cent in increments of 25 basis points at each Federal Open Market Committee (FOMC) meeting.
https://www.rba.gov.au/
It was pretty tough to dislodge William Poole, but if anyone could win the coveted «FOMC Loose Cannon» award in a single day, it would be Richard Fisher, after suggesting that the FOMC was «clearly in the eighth inning of a tightening cycle, we've been doing 25 basis points per inning, it's been very transparent, and very well projected by the Federal Open Market Committee under the leadership of Chairman Greenspan,» and, «We're in the eighth inning.