Sentences with phrase «policy normalization later»
If a dwindling ISM translates into diminished growth momentum, this could in turn diminish policy makers» confidence that the economy can endure the initiation of policy normalization later this year.
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Indeed, even as the Federal Reserve (Fed) began the process of rate normalization late last year, it left interest rates unchanged at its policy meeting this month.
The Bank of England (BOE) and European Central Bank (ECB) are the latest bodies to begin the slow process of policy normalization.