Gross domestic product contracted at an annual rate of 0.5 % in the second quarter and 0.8 % in the first, which is exactly what the Bank of Canada predicted in July when it dropped its policy
rate by a quarter point.
Yellen announced that the Federal Reserve is raising the interest
rates by a quarter point to 1.5 %.
The bets for an earlier shift receded after the latest inflation numbers, but there now is a consensus the Bank of Canada will raise its benchmark interest
rate by a quarter point in the autumn, probably October.
Speaking by phone from Montreal on Wednesday, economist Paul - Andre Pinsonnault predicted Governor Stephen Poloz will cut the policy
rate by a quarter point to 0.25 percent next month, matching a record low set in 2009 during the global financial crisis.
So once again, the Federal Open Market Committee raised the Fed Funds target
rate by a quarter point.
(BPT)- The nation's central bank - the Federal Reserve - just raised interest
rates by a quarter point.
December 13 - 14: The FOMC raised the fed funds
rate by a quarter point, to 0.75 percent.
The Federal Reserve (Fed) raised interest rates last week as we had long expected, lifting
rates by a quarter point.
The U.S. Federal Open Market Committee said on Dec. 13 it would raise its target range for the federal funds interest
rate by a quarter point, to between 1.25 percent and 1.5 percent.
A central bank willing to raise interest
rates by a quarter point at a time?
When the central bank increased its benchmark interest
rate by a quarter point in July, Governor Stephen Poloz said the next change would depend on incoming data.
The June jobs data blew past expectations, all but insuring that the Bank of Canada will hike interest
rates by a quarter point next week — the first rate hike in seven years.
Fed boosts rates another quarter - point — The Federal Reserve voted to increase its target federal funds
rate by a quarter point, triggering an equal rise in APRs on credit card balances... (See Fed)
At the NAR Midwinter Business Meeting in Honolulu, Tuccillo told attendees he wasn't surprised by the Fed's decision to cut the federal funds
rate by a quarter point on Jan. 31.
Earlier this week, Federal Reserve officials announced they would increase the short - term federal funds
rate by another quarter point.
Not exact matches
The Bank of Canada announced this morning that it is dropping its target interest
rate by a
quarter of a percentage
point to 0.75 %.
Millions of Americans will, of course, be affected with
rates going up
by a
quarter point.
And it also means that bond market traders believe we're likely to see at least a
quarter point hike in interest
rates by the middle of next year.
The 7 - 2 vote for the
rate move, the Fed's third this year, raises the benchmark lending
rate by a
quarter percentage
point to a target range of 1.25 percent to 1.5 percent.
Economists at Macroeconomic Advisers boosted their forecast for fourth -
quarter economic growth
by three - tenths of a percentage
point to an annualized
rate of 2.4 percent, on the «unexpected strength» in consumer spending.
This raises the benchmark lending
rate by a
quarter percentage
point to a target range of 1.25 percent to 1.5 percent
About half the economists surveyed
by Bloomberg News now say the Bank of Canada will drop its benchmark interest
rate a
quarter point to 0.5 % today.
Deutsche Bank economists predict the curve will invert in 2019 as the Fed keeps raising interest
rates by a
quarter percentage
point every
quarter, as markets expect.
The
quarter -
point rate hike announced
by the Fed was expected.
Even so, new projections released
by the Fed show that officials expect three
quarter -
point rate hikes next year, one more than was forecast in the September projections.
The economy may be healthy enough for them to raise interest
rates, but the new 0.5 percent to 0.75 percent target for the benchmark fed funds
rate, up a
quarter point from where it had been, remains far below the historical norm — and,
by all indications, the Fed still expects
rates to stay low for at least a few more years.
Yum Brands, in reporting third -
quarter earnings, stated «foreign currency translation remains a strong headwind» and that it expected the exchange
rate «to impact full - year earnings per share
by about 5 percentage
points.»
The dollar is seeing some support as the markets anticipate that the Fed will raise interest
rates by a
quarter -
point next Wednesday.
Just like it did a year ago, the Federal Reserve on Wednesday sent its key short - term interest
rate up
by a
quarter of a percentage
point.
So if we can expect 3 more
quarter -
point hikes this year it would seem to make sense to stick to short - term CDs yielding around 2 % now and then look for a longer - term one at around 3.5 % at EOY, especially if one — I am in this camp — thinks that
by EOY the odds of recession will have risen enough that further
rate hikes in 2019 will be looking doubtful.
Feb 02, 2017 In December 2015, the Federal Reserve raised the federal funds
rate by a
quarter of a percentage
point.
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.
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.
Prior to the release of the jobs report, the futures market was assigning a 93.5 percent probability to another
quarter -
point rate hike
by the Federal Reserve at their mid-June meeting.
As expected, as their meeting concluded yesterday, Federal Reserve Chair Janet Yellen and company decided to raise the benchmark interest
rate they control
by one -
quarter of a percentage
point.
The Fed has raised its policy
rate by a
quarter -
point five times starting December 2015.
The most recent GDP release is a case in
point: the drag induced
by the drop in inventories subtracted more than two percentage
points from the annualized fourth
quarter GDP growth
rate.
is a case in
point: the drag induced
by the drop in inventories subtracted more than two percentage
points from the annualized fourth
quarter GDP growth
rate.
The Bank of Canada today announced that it is lowering its target for the overnight
rate by one -
quarter of one percentage
point to 1/2 per cent.
The country's biggest banks raised their prime
rates after the Bank of Canada hiked its overnight lending
rate earlier this month
by a
quarter of a percentage
point to 1.25 per cent.
The Fed raised its benchmark overnight lending
rate at its March 20 - 21 meeting
by a
quarter percentage
point to a target range of between 1.50 percent and 1.75 percent.
While this turnover
rate in its customer base improved
by 12 basis
points in the
quarter, there's still a lot of work there left to do.
The Federal Open Market Committee has raised its key interest
rate by a
quarter of a percentage
point, in its attempt to leave zero
rates behind.
Following an interest -
rate hike
by the Mexican central bank, the Mexican peso saw substantial gains as the
quarter -
point increase satisfied market expectations.
According to the Federal Reserve Board's G. 19 Consumer Credit report, the total amount of consumer credit outstanding rose
by 5.2 percent (SAAR) over the 1st
quarter of 2017, 2.4 percentage
points less than the 6.6 percent
rate of growth in the 4th
quarter of 2016.
When the Federal Reserve raises its benchmark Federal Funds
Rate — as it did on June 14 by a quarter - point — attention tends to focus on interest - rate increases on debt and future borrow
Rate — as it did on June 14
by a
quarter -
point — attention tends to focus on interest -
rate increases on debt and future borrow
rate increases on debt and future borrowing.
Specifically, the BoC predicts that the impact of a 100 basis
point rise in policy
rates would peak after 5
quarters, at which
point it would lower GDP
by 0.6 %.
When the Federal Reserve raises its benchmark Federal Funds
Rate — as it did on June 14
by a
quarter -
point — attention tends to focus on... Read More
It raised the interest
rate paid on excess and required reserves
by a
quarter point to 0.5 percent.
In a statement ending its latest policy meeting, the Fed boosted its key short - term
rate Wednesday
by a modest
quarter -
point to a still - low range of 1.5 percent to 1.75 percent.