This is consistent with other indicators pointing to
relatively tight conditions in the labour market (as discussed in the chapter on «Domestic Economic Conditions»).
Not exact matches
In addition, based on the
relatively unusual combination of overbought, overbullish
conditions, inflation pressures, and the like, I once again staggered our put option strikes, which results in a lower «implied interest rate» earned on our hedges, in return for
tighter protection in the event of an abrupt market selloff.
Additionally, most FOMC participants also saw
relatively low risks of unwanted increase in inflationary pressures amid
tighter labor market
conditions, and there are signs that the risk management argument (asymmetrical risk with policy rate near effective lower bound) is gaining traction as well.
This is consistent with a recent increase in the ACCI - Westpac survey measure, and suggests that labour market
conditions remain
relatively tight.
Tight vacancies in the upcoming quarters and
relatively more expensive projects on the pipeline establish good
conditions for rent price increase, notes Mr.Rein.
In the meantime, a continuing yawning supply imbalance, a weakening U.S. job market and
tight lending
conditions point to a prolonged period of housing market lethargy, with the risk of still lower home prices and construction, and
relatively depressed sales volumes.»
Resale activity ramped up during spring and summer and property prices generally maintained their steady upward trend, supported by
relatively tight market
conditions.