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.
The U.S. Federal Reserve has already started to raise its key interest rate with the latest
quarter point increase on Wednesday to a range of one per cent to 1.25 per cent.
Chase spurred this week's rate change by matching the Federal Reserve's March 2017 rate hike with an identical
quarter point increase on Chase cards.
«For first - time buyers, the lack of available product has caused some concern, given that
every quarter point increase in mortgage rates translates into higher carrying costs.
Not exact matches
In September, when the Fed's policy makers last submitted their economic outlooks, the median estimate implied two
quarter -
point increases in 2017.
Delivery contributed to 16 % of Company sales in the first
quarter of 2018, an
increase of 3 percentage
points year over year.
The underlying combined ratio of 95.5 %
increased 1.1
points, primarily driven by (i) loss cost trends that modestly exceeded earned pricing, the impact of which has been moderating in recent
quarters, and (ii) normal quarterly variability in both loss activity and expenses.
More than one third of business owners said they expect to decrease capital spending in the year ahead, an
increase of about 10 percentage
points from the previous
quarter.
«Most retirement savers are accustomed to market volatility, but the swings in the second
quarter were especially dramatic, including a 600 -
point drop followed by a nearly 800 -
point increase,» Doug Fisher, Fidelity's senior vice president for workplace investing, said in a statement.
The rising rig count
points to further
increases in U.S. crude production
, which has already climbed by a quarter since mid-2016 to a record 10.54 million barrels per day (bpd).
Investors responded to the Fed's
quarter -
point increase as if a weight had been lifted.
Millner also
pointed out that the
quarter came a year after a mass shooting at a nightclub in Orlando, Florida, which led to an
increase in gun sales due to worries that about potential new gun restrictions.
Because most credit cards have a variable rate directly tied to the Fed's benchmark rate, that
quarter -
point increase will show up as soon as the next billing cycle, McBride said.
The tepid confidence level is somewhat at odds with how business owners view their current financial situations — 67 percent gave their situation a rating of good, the same as the prior
quarter and an
increase of two percentage
points compared with the second
quarter of 2015.
Traders also see about a 22 percent chance of a fourth
quarter -
point increase.
Similarly, 72 percent of business owners said they expect their financial situation 12 months from now to be good, an
increase of one percentage
point from the first
quarter; 11 percent said they expect their situation to be poor, a decrease of one percentage
point from the first
quarter.
More importantly, 23 percent said they plan to add workers, a decrease of three percentage
points from the first
quarter; 9 percent said they planned to scale back on the number of workers they have, an
increase of two percentage
points.
EBITDA margins also
increased by 90 basis
points during the
quarter to 12.5 %
That represents a five - percentage -
point increase from the previous
quarter.
With credit card debt rising steadily, the
quarter - percentage -
point increase in the federal funds rate will cost consumers roughly $ 1.6 billion in extra finance charges in 2017, according to a WalletHub analysis.
The
quarter -
point increase was the central bank's third since last summer, after hikes in July and September.
As a result of this new dynamic, since 2010 a one
point increase in the VIX Index has been associated with about a
quarter point decrease in equity multiples.
So get as many
quarter -
point increases without disturbing the system --
We might see an extremely modest rate
increase — perhaps a
quarter of a percentage
point — «but it won't go up a lot,» says Devlin.
He
points out that its cereal division — it makes Lucky Charms and other brand name breakfast foods — saw a 1 %
increase in sales growth in its third
quarter, while sales of its Greek and regular yogurt are
increasing.
Four senators posted net
increases of 10
points or greater last
quarter.
Sen. Bob Menendez (D - N.J.) also climbed out of the bottom 10 after a 12
point increase from the previous
quarter.
The
increase in hiring by small businesses is an encouraging sign for the economy amid estimates that the 16 - day government shutdown could have sliced off as much as 0.6 percentage
point from fourth
quarter gross domestic product (GDP) growth.
Morgan Stanley's Delinquency Diffusion Index, an aggregate measurement of year - over-year
increases in the delinquency of several types of personal loans, stood at 19.2 (on a 100 -
point scale) for the first
quarter of 2016, up from its low in October, 2014, driven by
increases in auto loan and credit card delinquencies in 2015 — but far below the 60 -
point threshold associated with a pre-recession state.
RBC's aggregate measure for housing affordability in Canada rose by 1.2 percentage
points in the second
quarter to 42.8 per cent, the biggest quarterly
increase in six years.
Looking forward, next year's interest - rate forecast includes three
quarter -
point increases and two
increases in both 2019 and 2020.
Looking ahead: The Federal Reserve recently
increased the federal funds rate by a
quarter -
point and the U.S. Central Bank is forecasting at least two more rate hikes this year.
The downside is that the interest rate on a HELOC is variable and often tracks any movement in the federal funds rate, which is expected to
increase up to three more times after this week's
quarter -
point hike.
Whenever the Fed decides to act, the initial rate
increase will be small — a
quarter of a percentage
point — but it looms large psychologically because it will be the first
increase in short - term rates by the Fed since June 2006.
Systemwide occupancy rose 1.8 percentage
points year over year during the first
quarter to 71.8 percent, and average daily rate
increased 1.2 percent to $ 145.21.
Even though it could
point to a 15 percent
quarter - over-
quarter increase in digital subscriptions (to 116,000 in total), it lost revenues in digital content syndication.
The Federal Reserve raised the fed funds rate a
quarter point to 1.5 percent on December 13, 2017, marking it the third
increase in 2017 and...
Usage of our proprietary cards
increased 10 basis
points over the last year in the
quarter reaching 48.7 % and while on the subject of credit I want to
point out that we signed over new loan expansions of our partnership with Citi that now goes until 2025 instead of 2016 expiration of our original contract.
Depreciation expense in the
quarter was 27 basis
points higher as a percentage of sales basis compared to last year due to
increased new units and remodels.
Morgan Stanley U.S. chief economist Ellen Zentner estimates that a 20 % broad - based tariff
increase could, after four
quarters, result in a 1 percentage
point drag on real U.S. GDP growth.
Fourth
quarter same — fourth
quarter restaurant labor expenses were 50 basis
points lower than last year on a percentage of sales basis due to
increased productivity and lower restaurant manager incentive compensation expense.
Huawei, Oppo and BBK accounted for 21.3 percent of smartphones sold to end users worldwide during the fourth
quarter of 2016, an
increase of 7.3 percentage
points year on year.
Canada's central bank opted against raising interest rates on Oct. 25, deciding that two
quarter -
point increases over the summer are enough for now.
This move incorporated six rate hikes, including three
quarter -
point moves, two half -
point increases, and one three -
quarter point move to close out the cycle on November 15.
Following an interest - rate hike by the Mexican central bank, the Mexican peso saw substantial gains as the
quarter -
point increase satisfied market expectations.
However, an
increase in import values of around 3 1/2 per cent in the March
quarter, despite another decline in prices,
points to a further rapid expansion in import volumes.
Compared to last
quarter, net income available to common shareholders
increased 3 %, reflecting the combined positive impacts of 9 % higher other income and very strong loan growth, partially offset by an eight basis
point reduction in net interest margin.
The
increase of around 1 percentage
point in long - term interest rates over the course of this year was associated with a fall in dwelling investment in the September
quarter.
[1] The participation rate
increased to be 63 3/4 per cent in the December
quarter, which is 1/4 percentage
point above its recent average levels.
A
quarter -
point hike in the US federal funds rate might provide a welcome dose of clarity to Asian markets and emerging markets more generally, but any indication that the path of further
increases will be other than short and shallow could yet have a further disruptive effect.