Not exact matches
Workers expect their earnings to keep pace with
inflation, and a more
substantial rate will likely lead to demands
for ever higher wages.
Although the patches prevented an AMT explosion, the number of taxpayers affected by the AMT continued to grow throughout the decade (figure 1) because (1) the regular income tax was indexed
for inflation, but the AMT was not; and (2) Congress enacted
substantial cuts to the regular income tax.
Mishkin noted «I am less optimistic about the prospects
for core PCE
inflation to move much below 2 % in the absence of a determined effort by monetary policy,» adding that «a
substantial further decline in
inflation would require a shift in expectations, and such a shift could be difficult and time - consuming to bring about.»
As usual, I don't place too much emphasis on this sort of forecast, but to the extent that I make any comments at all about the outlook
for 2006, the bottom line is this: 1) we can't rule out modest potential
for stock appreciation, which would require the maintenance or expansion of already high price / peak earnings multiples; 2) we also should recognize an uncomfortably large potential
for market losses, particularly given that the current bull market has now outlived the median and average bull, yet at higher valuations than most bulls have achieved, a flat yield curve with rising interest rate pressures, an extended period of internal divergence as measured by breadth and other market action, and complacency at best and excessive bullishness at worst, as measured by various sentiment indicators; 3) there is a moderate but still not compelling risk of an oncoming recession, which would become more of a factor if we observe a
substantial widening of credit spreads and weakness in the ISM Purchasing Managers Index in the months ahead, and; 4) there remains
substantial potential
for U.S. dollar weakness coupled with «unexpectedly» persistent
inflation pressures, particularly if we do observe economic weakness.
Wall Street Poised
For Sharp Losses Again on Monday US futures are trading back in the red again on Monday, adding to
substantial declines seen on Friday when higher interest rate and
inflation expectations weighed heavily on stocks.
Over the past three months, the financial market economists surveyed by the Bank have made no
substantial revisions to their near - term forecasts
for inflation, with the median CPI
inflation forecast
for the year to June 2004 remaining unchanged at 2.3 per cent (Table 17).
The report, which will be welcomed by the government as proof it is offering public sector workers a fair deal in difficult economic times, highlights the change from retail price index to consumer price index
inflation as the most
substantial change
for public sector workers.
The NASUWT, the largest teachers» union in the UK, is today giving oral evidence to the School Teachers» Review Body (Review Body) to argue
for a
substantial above -
inflation pay award
for teachers in 2015/16.
Chris Keates, general secretary of teachers» union NASUWT, said her organisation had argued
for a «
substantial above -
inflation pay rise».
Overusing Test
for Special Ed Students Inflates API Scores A deeper look at the results shows not only
inflation contributing to the gains but also a
substantial policy shift toward lower expectations
for special education students in California.
For most Canadians, ownership of a family home provides a
substantial inflation hedge, and it also comes with
substantial tax benefits.
With
substantial resource slack likely to continue to dampen cost pressures and with longer - term
inflation expectations stable, the Committee expects that
inflation will remain subdued
for some time.
Wise asset allocation supplements savings, helps earn income at regular intervals, and also allows a
substantial corpus to grow to meet retirement goals while making the necessary adjustments
for inflation.