Sentences with phrase «tightening cycles in»

One more note: I believe gradualism is almost required in Fed tightening cycles in the present environment — a lot more lending, financing, and derivatives trading gears off of short rates like three - month LIBOR, which correlates tightly with fed funds.

One more note: I believe gradualism is almost required in Fed tightening cycles in the present environment — a lot more lending, financing, and derivatives trading gears off of short rates like three - month LIBOR, which correlates tightly with fed funds.

After increasing their policy rates by 125 basis points and 150 basis points respectively in the current cycle, market participants expect that the tightening cycles in both the UK and New Zealand are close to an end, although in both cases, recent inflation data have caused some participants to revise that assessment.

The Fed embarked on its first tightening cycle in more than a decade in December 2015.

The pace of rate increases has picked up since the central bank began its tightening cycle in December 2015.

In the more recent episode, it largely reflected expectations that the tightening cycle in the United States would be noticeably more pronounced than in Australia.

Since the beginning of its current tightening cycle in June 2004, the federal funds rate has been increased from 1.0 per cent to 2.5 per cent in increments of 25 basis points at each Federal Open Market Committee (FOMC) meeting.

You can see the panics around LTCM (1998), the end of the tightening cycle in 2000, and the money market troubles in 2007.

Not exact matches

But he also points out that 10 of the 13 postwar Fed tightening cycles have ended in unexpected recessions.

The last time a Liberal government entered an election in the middle of a monetary policy tightening cycle was in 2006; that year, the Conservatives defeated them.

Authorities could also, in principle, adjust macroprudential tools to dampen financial cycles — tightening them when leverage is building up and risk taking is increasing, and easing those requirements when that cycle turns.

As CNBC anchor Becky Quick pointed out this morning during their segment in which I joined, we may be entering that phase of the cycle where good news on Main St. is bad news on Wall St.. That is, accelerating wage growth may lead the Federal Reserve to tighten faster, slowing overall growth more than currently expected.

Also, bills have typically traded below other money market rates during tightening cycles, as they do now; periods where bills trade at or above other rates have been the exception and not the rule.36 Thus, the smaller increase in bill yields than in rates on other term instruments is not surprising, and I do not read it as undermining the general conclusion that the policy rate increase was effective in firming money market conditions.37

Since the U.S. is the most advanced in its cycle, the Fed is at the forefront of the monetary tightening debate.

It did this in five steps over three years — two in mid 2002, two in late 2003 and one in early 2005 — a more gradual tightening cycle than normal.

But if valuations had been rising in the previous year, the S&P 500 has historically performed much worse following the start of a tightening cycle.

In some ways, this U.S. policy rate hike cycle is similar to the one in the mid-2000s, where the U.S. dollar remained weak and EMs» growth cycle was not derailed by U.S. monetary tighteninIn some ways, this U.S. policy rate hike cycle is similar to the one in the mid-2000s, where the U.S. dollar remained weak and EMs» growth cycle was not derailed by U.S. monetary tighteninin the mid-2000s, where the U.S. dollar remained weak and EMs» growth cycle was not derailed by U.S. monetary tightening.

But this unexpectedly sanguine report was a reminder that the beginning of a Fed tightening cycle could be near, and the subsequent selloff is a clear sign that the U.S. market is vulnerable to higher volatility in the near term, even though we like the long - term prospects of stocks.

«Remember, Fed tightening cycles start off benign but 10 of the 13 in the post-WWII era have ended in tears.»

The pace of tightening currently priced in by the market is very moderate compared with the experience in past tightening cycles.

Previous tightening cycles — for instance, the mid-1980s energy bust and the bursting dot - com bubble in the late - 1990s — rolled through the economy over five years or so.

In previous episodes, long yields tended to rise in the early stages of a tightening cycle at least as much as the rise in short rates, reflecting inflation concernIn previous episodes, long yields tended to rise in the early stages of a tightening cycle at least as much as the rise in short rates, reflecting inflation concernin the early stages of a tightening cycle at least as much as the rise in short rates, reflecting inflation concernin short rates, reflecting inflation concerns.

Now, as I noted fairly early this year, there's no statistical evidence at all that stock prices or corporate earnings perform well in the 18 months or so following the end of a rate - tightening cycle.

That would be a relatively low level by historical standards; in the past two tightening cycles by the Fed, the federal funds rate peaked at around 6 per cent.

Implied volatilities gradually declined around the world in the second half of 2003, as it became clearer that the easing cycle was drawing to a close, with some central banks beginning to tighten monetary policy after a prolonged period of relatively low and stable interest rates.

Indeed, I believe the Fed will raise rates in a slow manner that doesn't excessively unsettle the economy or markets, with the gradual nature of the tightening cycle allowing markets to absorb the increases with relative ease.

Our interest rate outlook is also partly driven by the view that the BoC intentionally wants to lag the Fed in terms of its tightening cycle.

Our view that the Canadian interest rate tightening cycle will lag that in the United States is therefore primarily the result of factors outside of the respective business cycles.

In addition, with most countries in emerging Asia running a current account surplus and possessing sizable foreign currency reserves, I believe emerging Asia could be better positioned to withstand a Fed tightening cycle than other emerging marketIn addition, with most countries in emerging Asia running a current account surplus and possessing sizable foreign currency reserves, I believe emerging Asia could be better positioned to withstand a Fed tightening cycle than other emerging marketin emerging Asia running a current account surplus and possessing sizable foreign currency reserves, I believe emerging Asia could be better positioned to withstand a Fed tightening cycle than other emerging markets.

In the U.S., I believe large - cap, cyclical - oriented companies look to be in a good position to withstand the start of the Fed's tightening cyclIn the U.S., I believe large - cap, cyclical - oriented companies look to be in a good position to withstand the start of the Fed's tightening cyclin a good position to withstand the start of the Fed's tightening cycle.

«While the Fed is moving in one direction and getting ready to raise interest rates and embark on a tightening cycle, the European Central Bank is going in the other direction and easing monetary policy,» says Eric Viloria, a currency strategist at Wells Fargo in New York.

In the prior 27 midterm periods, the S&P 500 has rallied 12 % on average during the 10 months following the election; the return jumps to 22 % when the Fed is in the middle of a tightening cyclIn the prior 27 midterm periods, the S&P 500 has rallied 12 % on average during the 10 months following the election; the return jumps to 22 % when the Fed is in the middle of a tightening cyclin the middle of a tightening cycle.

While the Fed is moving in one direction and getting ready to raise interest rates and embark on a tightening cycle, the European Central Bank is going in the other direction and easing monetary policy.

Against that background, one might justifiably ask whether it makes sense to have one economy (the United States) in a tightening monetary policy cycle, while the other (eurozone) presses on with its more accommodative easing program.

Then there is the word «typically» like in «In fact, the first 25 % of the tightening cycle is typically the best part of the stock market cycle»in «In fact, the first 25 % of the tightening cycle is typically the best part of the stock market cycle»In fact, the first 25 % of the tightening cycle is typically the best part of the stock market cycle».

Readers may recall that we have talked about the theory espoused by our previous guest speaker Ben Hunt with respect to price inflation in a period of monetary tightening in a series of recent posts entitled «Business Cycles and Inflation» (see Part 1 and Part 2 for the details).

Here's a nuance: in each of 1961, 1965, 1980, 1983 and 1987, the first 25 % of the tightening cycle was, in fact, the best part of the stock market cycle.

The Reserve Bank of New Zealand raised its target rate by 25 basis points to 6.75 per cent in March, taking the cumulative increase since this tightening cycle began in early 2004 to 175 basis points.

Note, however, that in each of the past three Fed tightening cycles, stable value fund returns continued to outpace money market fund returns.

The dollar index (DXY) peaked in December 2016 and has subsequently lost nearly 13 per cent, shrugging off what should have been positive effects from U.S. tax reform and a Federal Reserve about to embark on a tightening cycle.

The Fed has been in a tightening cycle for almost two years.

The tightening is strong in this cycle!

Bishop is among the Republicans» top targets this cycle, and the race may well be tightening, given the Democrats» calling in of former President Clinton to headline a rally for Bishop tomorrow.

According to beauty guru / healer / inspiration / friend Shiva Rose (whose entire title I wish to adopt as my own, but that's another article), «Jade eggs can help cultivate sexual energy, increase orgasm, balance the cycle, stimulate key reflexology around vaginal walls, tighten and tone, prevent uterine prolapse, increase control of the whole perineum and bladder, develop and clear chi pathways in the body, intensify feminine energy and invigorate our life force.»

Muscles are never completely extended, as the legs are never completely flexed or extended during cycling, leading to muscle tightening, pain in the knees, lower back and hamstring muscles.

CPT, together with other sponsors of the event, including AVL and Ricardo, is in the vanguard of 48V mild hybrid developments intended to address the ever - tightening European CO2 regulations and potentially a new and more aggressive test cycle — i.e., the Worldwide harmonized Light vehicles Test Procedures (WLTP).

In spirit, the current tightening cycle is no different from previous ones, in that the FOMC is balancing the tradeoff between inflation and growtIn spirit, the current tightening cycle is no different from previous ones, in that the FOMC is balancing the tradeoff between inflation and growtin that the FOMC is balancing the tradeoff between inflation and growth.

As shown by the slope changes in the table, flatter curves have been characteristic of tightening cycles and steeper curves have resulted from easing cycles.

Over the same tightening cycle that ended in 2006, the impact on the 10 - Year U.S. Treasury Bond yield was 60 bps higher, driving the 1 - Year / 10 - Year slope to flatten by 265 bps (see Exhibit 1).

The spread tightening in the bull phase of the cycle is initially relatively rapid, and gives way to smaller bits of incremental tightening, until it is too much, or an exogenous force acts on it.