Sentences with phrase «rate over the cycle»

Determining the peak federal funds rate over the cycle is the key to estimating the level of mortgage rates at the end of the current business cycle.

Should they rate over the cycle, or be instantaneous?

Not exact matches

While the firm still has an overweight rating on technology, Wilson said the latest sell - off could be «a cautionary note about what may eventually unfold in the sector as the market starts to price in a tired cycle over the course of 2018.»

My friend Jeff Saut at Raymond James noted that there are people who have been in this business over eight years and have never experienced a Fed rate hiking cycle.

These risks and uncertainties include: Gilead's ability to achieve its anticipated full year 2018 financial results; Gilead's ability to sustain growth in revenues for its antiviral and other programs; the risk that private and public payers may be reluctant to provide, or continue to provide, coverage or reimbursement for new products, including Vosevi, Yescarta, Epclusa, Harvoni, Genvoya, Odefsey, Descovy, Biktarvy and Vemlidy ®; austerity measures in European countries that may increase the amount of discount required on Gilead's products; an increase in discounts, chargebacks and rebates due to ongoing contracts and future negotiations with commercial and government payers; a larger than anticipated shift in payer mix to more highly discounted payer segments and geographic regions and decreases in treatment duration; availability of funding for state AIDS Drug Assistance Programs (ADAPs); continued fluctuations in ADAP purchases driven by federal and state grant cycles which may not mirror patient demand and may cause fluctuations in Gilead's earnings; market share and price erosion caused by the introduction of generic versions of Viread and Truvada, an uncertain global macroeconomic environment; and potential amendments to the Affordable Care Act or other government action that could have the effect of lowering prices or reducing the number of insured patients; the possibility of unfavorable results from clinical trials involving investigational compounds; Gilead's ability to initiate clinical trials in its currently anticipated timeframes; the levels of inventory held by wholesalers and retailers which may cause fluctuations in Gilead's earnings; Kite's ability to develop and commercialize cell therapies utilizing the zinc finger nuclease technology platform and realize the benefits of the Sangamo partnership; Gilead's ability to submit new drug applications for new product candidates in the timelines currently anticipated; Gilead's ability to receive regulatory approvals in a timely manner or at all, for new and current products, including Biktarvy; Gilead's ability to successfully commercialize its products, including Biktarvy; the risk that physicians and patients may not see advantages of these products over other therapies and may therefore be reluctant to prescribe the products; Gilead's ability to successfully develop its hematology / oncology and inflammation / respiratory programs; safety and efficacy data from clinical studies may not warrant further development of Gilead's product candidates, including GS - 9620 and Yescarta in combination with Pfizer's utomilumab; Gilead's ability to pay dividends or complete its share repurchase program due to changes in its stock price, corporate or other market conditions; fluctuations in the foreign exchange rate of the U.S. dollar that may cause an unfavorable foreign currency exchange impact on Gilead's future revenues and pre-tax earnings; and other risks identified from time to time in Gilead's reports filed with the U.S. Securities and Exchange Commission (the SEC).

Lenders would still be free to charge annual rates well into the triple digits, but the law would eliminate what critics say is the worst aspect of payday loans: borrowers caught in a cycle of debt by taking out loans over and over.

Moderate interest rates were associated with a whole range of subsequent returns over the following decade, and we know that those outcomes were 90 % correlated with the level of valuations at the beginning of those periods (on reliable measures such as market cap / GDP, price / revenue, Tobin's Q, the margin - adjusted Shiller P / E, and others we've presented over time - see Ockham's Razor and the Market Cycle).

But the multiplier varies over the economic cycle — higher during recessions or when short - term rates are near zero, and lower when an economy runs near fully capacity.

That is, the intent is that over the course of the business cycle, the bulk of the distribution of year - ended inflation outcomes should lie between 2 and 3 per cent, not that the annualised average inflation rate from the start of the business cycle to the end should necessarily lie between 2 and 3.

The inflation target in Australia is defined on average over the [business] cycle, which, if taken literally, suggests that it may be interpreted as a price - level, rather than an inflation - rate, target.

In the past 13 rising - rate environments over the past 64 years, tech and health care sectors gained an average of 20 % and 13 %, respectively during the 12 - month period following the first rate hike of each cycle.

In our previous submissions to the Minister, we recommended that the Canada Employment Insurance Financing Board be abolished (it has yet to set premium rates since its formation) and that premium rates be set over a five - year cycle.

His name first came into the spotlight in 2011 with a research paper entitled «Safe Savings Rate: A New Approach to Retirement Planning over the Life Cycle,» and much of his work is still centered on its main concept: That anyone who saves at their own «safe savings rate» will likely be able to achieve their retirement spending goals, regardless of their actual wealth accumulation and withdrawal rRate: A New Approach to Retirement Planning over the Life Cycle,» and much of his work is still centered on its main concept: That anyone who saves at their own «safe savings rate» will likely be able to achieve their retirement spending goals, regardless of their actual wealth accumulation and withdrawal rrate» will likely be able to achieve their retirement spending goals, regardless of their actual wealth accumulation and withdrawal raterate.

However, we expect the gains to be moderate over the short term, as Fed rate rises will likely be slower than in past cycles given relatively tame U.S. inflation.

Below is a chart showing year - on - year TMS - 2 growth rates over the past three, or rather 2.5 business cycles (the current cycle is only half cycle, as the bust is still to come).

No market cycle in history, even those prior to the mid-1960s when interest rates were similarly low, has failed bring valuations within 25 % of these norms, or lower, over the completion of the market cycle.

Additionally, the U.S. economy has dramatically changed over the past several years, with structural factors (largely the result of technological innovation and shifting demographic trends) influencing it in a manner that makes comparisons to past rate hiking cycles less relevant.

In my view, investors who view current valuations as «justified relative to interest rates» are really saying that a decade of zero total returns on stocks is perfectly adequate compensation for the risk of a 45 - 55 % market loss over the completion of the current market cycle - a decline that would historically be merely run - of - the - mill given current valuations, and that certainly can not be precluded by appealing to low interest rates.

Raising the growth rate of the economy by 0.3 per cent (the difference between the underlying productivity growth rate in the 1990s cycle and the average of the earlier cycles) makes little difference over a year or two; over a decade or two, however, the cumulated effect on living standards is substantial.

Because prospective 12 - year annual market returns have never failed to reach at least 8 % by the completion of a market cycle, regardless of the level of interest rates, we view a 40 % market decline as a rather minimal target over the completion of this market cycle.

Goldman Sachs and Pacific Investment Management Co. (PIMCO) see «safe places, even in corporate bonds, to ride out credit and rate risk that loom large over an aging growth cycle,» according to a recent article in Bloomberg.

While bond index fund investors have profited from the prolonged cycle of declining interest rates over the past three decades, we are currently at the early stages of a rising - rate cycle.

Figure 2 shows that during past rate - hike cycles, muni bonds not only continued to generate positive performance over the entire course of the rate - hike cycle, but also managed to generate positive returns immediately after each rate hike.

And that's before accounting for some of the factors that the model doesn't consider: the disagreement in the polls, the unusual nature of Trump's candidacy and the demographic changes it is producing, Clinton's superior turnout operation, the possibility of «shy Trump» voters, the fact that the news cycle is still somewhat fluid headed into the final weekend, the declining response rates to polls, and the substantial number of high - profile polling misses around the world over the past few years.

Unless the party can bind people into membership over the longer term, rates will fluctuate along with the political cycle.

A report released Monday by the good - government group Citizens Union argued the current system for redistricting, dominated by the Democratic majority in the Assembly and Republicans who control the Senate, has led to less - competitive elections, reduced voter turnout and, over the past four election cycles, a 96 percent re-election rate for incumbents — who are returned to office by an average margin of victory of 61 percentage points.

The analysis calculated rates of vaginal birth of a healthy singleton at term in natural and assisted reproduction conception comparing women in the intervention (lifestyle modification) group and those in the control (prompt treatment) group according to six different subgroups: these subgroups were defined by age (over or under 36 years), cycle regularity (ovulatory or anovulatory) and body weight (above or below a BMI of 35 kg / m2).

After matching for patient age and other variables (including preimplantation genetic screening) analysis showed that freeze - all IVF was significantly associated with improved ongoing pregnancy rates in patients over 35 years old (46 % in freeze - all vs 33 % in fresh cycles).

And he points out that using layer thickness to measure Milankovitch cycles requires a risky assumption: that the rate of sediment accumulation, which built these layers, did not change much over 32 million years.

«The radiation dose rates from measurements obtained over the last four years exceeded trends from previous solar cycles by at least 30 percent, showing that the radiation environment is getting far more intense,» said Nathan Schwadron, professor of physics and lead author of the study.

That target has been «applauded by the international community given China's emissions have been growing at rates of 5 % to 8 % over the past decade and a half,» says Canadell, who is also executive director of the Global Carbon Project, an international consortium of scientists studying the global carbon cycle.

In a paper published in Science Advances, he proposes that mass extinction occurs if one of two thresholds are crossed: For changes in the carbon cycle that occur over long timescales, extinctions will follow if those changes occur at rates faster than global ecosystems can adapt.

It has been argued that the land amplification is associated with lapse rate changes (not represented in the UVic model), and it is certain that drying of the land can play a role (not reliable in the UVic model since diffusing water vapor gives you a crummy hydrological cycle, especially over land).

A useful lens for understanding the incentives built into these plans is the rate of «pension wealth» accrual over the career cycle.

These words are: ECOLOGY, BIOSPHERE, BIOTIC FATORS, ABIOTIC FACTORS, POPULATION, BIOLOGICAL COMMUNITY, BIOME, ORGANISM, HABITAT, NICHE, SYMBIOSIS, PREDATION, MUTUALISM, COMMENSALISM, PARASITISM, AUTOTROPH, HETEROTROPH, HERBIVORE, CARNIVORE, OMNIVORE, DETRITIVORES, TROPHIC LEVEL, FOOD CHAIN, FOOD WEB, BIOMASS, MATTER, NUTRIENT BIOCHEMICAL CYCLE, NITROGEN FIXATION, DENITRIFICATION, COMMUNITY, LIMITING FACTOR, TOLERANCE, ECOLOGICAL SUCCESSION, PRIMARY SUCCESSION, CLIMAX COMMUNITY, SECONDARY SUCCESSION, TUNDRA, CLIMATE, LATITUDE, WEATHER, BOREAL FOREST, TEMPERATE FOREST, WOODLANDS, GRASSLAND, DESERT, TROPICAL SAVANNA, TROPICAL SEASONAL FOREST, TROPICAL RAIN FOREST, SEDIMENT, LITTORAL ZONE, PROFUNDAL ZONE, PLANKTON, WETLANDS, ESTUARY, NTERTIDAL ZONE, PHOTIC ZONE, APHOTIC ZONE, BENTHIC ZONE, ABYSSAL ZONE, POPULATION DENSITY, DISPERSION, DENSITY - INDEPENDENT FACTOR, DENSITY - DEPENDENTLY FACTOR, POPULATION GROWTH RATE, EMIGRATION, IMMIGRATION, CARRYING CAPACITY, DEMOGRAPHIC TRANSISTIONS, ZERO POPULATION GROWTH, AGE STRUTURE, EXTINCTION, BIODIVERSITY, GENETIC DIVERSITY, SPECIES DIVERSITY, ECOSYSTEM DIVERSITY, BACKGROUND EXTINCTION, MASS EXTINCTION, NATURAL RESOURCES, OVER EXPLOITATION, HABITAT FRAGMENTATION, BIOLOGICAL MAGNIFICATION, EUTROPHICATION, INTRODUCED SPECIES, RENEWABLE RESOURCES, NONRENEWABLE RESOURCES, NONRENEWABLE RESOURCES, SUSTAINABLE USE, ENDEMIC, BIOLOGICAL AUGMENTATION, BIOREMEDIATION, PRODUCER, CONSUMER, FUNDAMENTAL NICHE, PIONEER SPECIES, REALIZED NICHE, LIMITING FACTOR, PREY, ENERGY PHYRAMIND, PRIMARY CONSUMER, SECONDARY CONSUMER, HOST, GREEN HOUSE EFFECT, POLAR ZONE, TROPICAL ZONE, CANOPY, DECIDUOU, CONIFEROUS, HUMUS

During each cycle of the project, Alleyn's students track the development of the Goodrich pupils» reading fluency, expression, understanding and engagement on a weekly basis using a five point rating scale (on eight items), generating 800 data points over a five - week period.

Only about 46 percent of children aged three through six in families below the federal poverty line are enrolled in center - based early childhood programming, compared to 72 percent of children in families above the federal poverty line.1 Poor children are about 25 percent less likely to be ready for school at age five than children who are not poor.2 Once in school, these children lag behind their better - off peers in reading and math, are less likely to be enrolled in college preparatory coursework, less likely to graduate, and over 10 percent more likely to require remediation if they attend a four - year post-secondary institution.3 All of these issues compound one another to create a cycle of low opportunity: children in poverty are less likely to achieve high educational attainment, and low educational attainment leads to lower median weekly earnings and higher rates of unemployment.

This is a surprisingly pleasant hybrid system that delivers more than acceptable acceleration — with a 0 to 62mph time rated at 8.7 seconds — and strong fuel economy: the equivalent of just over 28 imperial mpg on the US EPA's city test cycle, and better than 42mpg on its highway cycle.

The Civic hybrid, with a larger 1.5 - liter i - VTEC engine that produces 90 horsepower and 97 pound - feet of torque [14] and a lithium - ion battery, is rated at 44 mpg ‑ US (5.3 L / 100 km; 53 mpg ‑ imp) in combined city and highway EPA test cycle, an improvement of 3 mpg ‑ US (3.6 mpg ‑ imp) over the previous generation hybrid.

The Transit Connect's passenger configuration earned a class leading economic performance rating in ASG's Study, costing 19 % less to purchase and operate over the first 6.5 years in its life - cycle, when compared with the average vehicle in its segment.

The Compass earned a class leading economic performance rating in ASG's Study for the second consecutive year, outperforming the average vehicle in its segment by 37 %, costing $ 23,341 less to purchase and operate over the first 6.5 years in its life - cycle.

The Fuel for (over) heating chart below highlights the unusual nature of expanding fiscal support at this stage of the economic cycle: The fiscal deficit is set to widen even as the unemployment rate touches multi-decade lows.

The Fund seeks to generate equity - like rates of return over a full market cycle while managing the level of risk.

While market participants may expect interest rate hikes to negatively affect Asian high - yield stock performance, it is notable that their performance has been much more sensitive to economic cycles than to U.S. interest rate cycles over the past decade.

Our historical graph can help you to get an idea of how the eleven Constant Maturity Treasuries perform over interest rate cycles:

However, the index had positive cumulative returns (2.64 % and 63.66 %) during the other two tightening cycles, during which rate increases were fairly steady over time.

Figure 2 shows that during past rate - hike cycles, muni bonds not only continued to generate positive performance over the entire course of the rate - hike cycle, but also managed to generate positive returns immediately after each rate hike.

But the multiplier varies over the economic cycle — higher during recessions or when short - term rates are near zero, and lower when an economy runs near fully capacity.

Interest rate cycles tend to occur over months and even years.

Despite being expressed as an annual rate, Interest is commonly paid on a monthly basis, so you only pay a portion of your annual interest on credit balances that roll over into a new billing cycle.