Sentences with phrase «quarters of a percentage point amid»

For example, even though the Fed was still holding the funds rate steady in autumn 2016, fixed mortgage rates rose by better than three quarters of a percentage point amid growing economic strength and a change in investor sentiment about future growth and tax policies during the period.

Not exact matches

Amid signs of stronger economic growth and a pick - up in inflation, as well as easier financial conditions, the Federal Open Market Committee, the policy arm of the U.S. central bank, is expected to raise its key federal funds rate in March by a quarter percentage point to a target range of 0.75 % to 1.00 %, says Ellen Zentner, Morgan Stanley's Chief U.S. Economist.

Amid sliding oil prices and a sluggish Canadian economy, the Bank of Canada defied prior predictions and actually lowered the key interest rate today by a quarter - percentage point — from 1 % to 0.75 %.