Trends and Transitory Shocks
|
|
- Stewart Johns
- 5 years ago
- Views:
Transcription
1 EMBARGOED UNTIL WEDNESDAY, SEPTEMBER 27 AT 7:00 P.M.; OR UPON DELIVERY Trends and Transitory Shocks Eric S. Rosengren President & CEO Federal Reserve Bank of Boston September 27, 2017 The Money Marketeers of New York University New York, New York bostonfed.org
2 Figure 1: Inflation Rate: Change in Personal Consumption Expenditures (PCE) Price Indices August July Percent Change from Year Earlier 2% Total PCE Inflation Target Aug-2014 Aug-2015 Aug-2016 Total PCE Core PCE Note: Core PCE excludes food and energy. Source: BEA, Haver Analytics
3 Figure 2: PCE Inflation Forecasts for 2018:Q4 from the Summary of Economic Projections September September Percent Change from Year Earlier Central Tendency Median 1.0 Sep-2016 Dec-2016 Mar-2017 Jun-2017 Sep-2017 Date of Forecast Note: The central tendency excludes the three highest and three lowest observations. Source: FOMC, Summary of Economic Projections (SEP)
4 Figure 3: Core PCE Inflation Forecasts for 2018:Q4 from the Summary of Economic Projections September September Percent Change from Year Earlier Central Tendency Median 1.0 Sep-2016 Dec-2016 Mar-2017 Jun-2017 Sep-2017 Date of Forecast Note: The central tendency excludes the three highest and three lowest observations. Source: FOMC, Summary of Economic Projections (SEP)
5 Figure 4: Blue Chip Forecasts for PCE Inflation in December 2018 Forecasts as of April September Percent Change from Year Earlier Average of 10 Highest Consensus Forecast (Average) Average of 10 Lowest Apr-2017 May-2017 Jun-2017 Jul-2017 Aug-2017 Sep-2017 Date of Forecast Source: Blue Chip Economic Indicators, Special Question
6 Figure 5: Civilian Unemployment Rate September August Percent Estimate of Unemployment Rate at Full Employment 3 Sep-2014 Sep-2015 Sep-2016 Source: BLS, Haver Analytics
7 Figure 6: Unemployment Rate Forecasts for 2018:Q4 from the Summary of Economic Projections September September Percent Central Tendency Median 3.5 Sep-2016 Dec-2016 Mar-2017 Jun-2017 Sep-2017 Date of Forecast Note: The central tendency excludes the three highest and three lowest observations. Source: FOMC, Summary of Economic Projections (SEP)
8 Figure 7: Blue Chip Forecasts for the Unemployment Rate in 2018:Q4 Forecasts as of January September Percent Average of 10 Highest Consensus Forecast (Average) Average of 10 Lowest Jan-2017 Mar-2017 May-2017 Jul-2017 Sep-2017 Date of Forecast Source: Blue Chip Economic Indicators
9 Figure 8: Civilian Unemployment Rate and SEP Estimates of the Longer-Run Unemployment Rate 2014:Q2-2017:Q2 7 Percent Civilian Unemployment Rate SEP Median Longer-Run Unemployment Rate :Q2 2015:Q2 2016:Q2 2017:Q2 Note: Prior to June 2015, SEP medians are not reported. Proxies for the medians are calculated from the distribution of participants projections reported in ranges of tenths in the meeting minutes. Source: FOMC, Summary of Economic Projections (SEP); BLS; Haver Analytics
10 Figure 9: Civilian Unemployment Rate: Actual and Forecast from the Summary of Economic Projections 2014:Q2-2017:Q4 7 Percent Actual September 2014 SEP Median Forecast :Q2 2015:Q2 2016:Q2 2017:Q2 Note: Prior to June 2015, SEP medians are not reported. Proxies for the medians are calculated from the distribution of participants projections reported in ranges of tenths in the meeting minutes. Source: FOMC, Summary of Economic Projections (SEP), September 17, 2014; BLS; Haver Analytics
11 Figure 10: Wage Growth for Private Industry Workers 2012:Q1-2017:Q2 4 Percent Change from Year Earlier Average Hourly Earnings Employment Cost Index: Wages and Salaries excluding Incentive Paid Occupations :Q1 2013:Q1 2014:Q1 2015:Q1 2016:Q1 2017:Q1 Source: BLS, Haver Analytics
12 Figure 11: Blue Chip Forecast for Growth in Average Hourly Earnings Forecast as of September Percent Change from Year Earlier Average of 10 Highest Consensus Forecast (Average) Average of 10 Lowest 1.5 Dec-2017 Dec-2018 Source: Blue Chip Economic Indicators, September 10, 2017, Special Question
13 Figure 12: Job Leavers: The Quits Rate January July Percent Jan-2002 Jan-2005 Jan-2008 Jan-2011 Jan-2014 Jan-2017 Recession Note: The quits rate is the number of quits during the entire month as a percent of total employment. Pictured above is the three-month moving average. Source: BLS, NBER, Haver Analytics
Assessing the Economy s Progress
EMBARGOED UNTIL MONDAY, NOVEMBER 9, 15 AT 1: P.M. EASTERN TIME OR UPON DELIVERY Assessing the Economy s Progress Eric S. Rosengren President & CEO Federal Reserve Bank of Boston November 9, 15 Newport
More informationThe Federal Reserve Balance Sheet and Monetary Policy
EMBARGOED UNTIL WEDNESDAY, APRIL 19 AT 12:30 P.M.; OR UPON DELIVERY The Federal Reserve Balance Sheet and Monetary Policy Eric S. Rosengren President & CEO Federal Reserve Bank of Boston April 19, 2017
More informationProspects for Returning to More Conventional Monetary Policy
EMBARGOED UNTIL TUESDAY, FEBRUARY 16, 216 AT 7:4 P.M. EASTERN TIME OR UPON DELIVERY Prospects for Returning to More Conventional Monetary Policy Eric S. Rosengren President & CEO Federal Reserve Bank of
More informationOne Policymaker s Wait for Better Economic Data
EMBARGOED UNTIL MONDAY, JUNE 1, 2015 AT 9:00 A.M. EASTERN TIME OR UPON DELIVERY One Policymaker s Wait for Better Economic Data Eric S. Rosengren President & CEO Federal Reserve Bank of Boston June 1,
More informationEthics and Economics: Making Cyclical Downturns Less Severe
EMBARGOED UNTIL WEDNEDSAY, JUNE 7, 18 AT :3 P.M.; OR UPON DELIVERY Ethics and Economics: Making Cyclical Downturns Less Severe Eric S. Rosengren President & CEO Federal Reserve Bank of Boston June 7, 18
More informationEarly Observations on Gradual Monetary Policy Normalization
EMBARGOED UNTIL WEDNESDAY, JANUARY 13, 2016 AT 8:20 A.M. EASTERN TIME OR UPON DELIVERY Early Observations on Gradual Monetary Policy Normalization Eric S. Rosengren President & CEO Federal Reserve Bank
More informationImplications of Low Inflation Rates for Monetary Policy
EMBARGOED UNTIL MONDAY, NOVEMBER 10, 2014 AT 5:10 P.M. EASTERN TIME OR UPON DELIVERY Implications of Low Inflation Rates for Monetary Policy Eric S. Rosengren President & CEO Federal Reserve Bank of Boston
More informationLabor Market Slack and Monetary Policy
EMBARGOED UNTIL WEDNESDAY, FEBRUARY, AT : P.M. OR UPON DELIVERY Labor Market Slack and Monetary Policy Eric S. Rosengren President & CEO Federal Reserve Bank of Boston February, The Boston Economic Club
More informationEstimating Key Economic Variables: The Policy Implications
EMBARGOED UNTIL SATURDAY, OCTOBER 7, 2017 AT 11:45 A.M. EASTERN TIME; OR UPON DELIVERY Estimating Key Economic Variables: The Policy Implications Eric S. Rosengren President & CEO Federal Reserve Bank
More informationMonetary Policymaking in Today s Environment: Finding Policy Space in a Low-Rate World
EMBARGOED UNTIL MONDAY, APRIL 15, 219, AT 8: P.M.; OR UPON DELIVERY Monetary Policymaking in Today s Environment: Finding Policy Space in a Low-Rate World Eric S. Rosengren President & CEO Federal Reserve
More informationMonetary, Fiscal, and Financial Stability Policy Tools: Are We Equipped for the Next Recession?
EMBARGOED UNTIL FRIDAY, MARCH 23, 218 AT 7: P.M.; OR UPON DELIVERY Monetary, Fiscal, and Financial Stability Policy Tools: Are We Equipped for the Next Recession? Eric S. Rosengren President & CEO Federal
More informationEconomic Uncertainty The Implications for Monetary Policy
EMBARGOED UNTIL FRIDAY, JULY 10, 2015 AT 11:35 A.M. IN U.S. EASTERN TIME AND 9:35 A.M. LOCAL TIME; OR UPON DELIVERY Economic Uncertainty The Implications for Monetary Policy Eric S. Rosengren President
More informationEthics and Economics: Making Cyclical Downturns Less Severe
EMBARGOED UNTIL WEDNEDSAY, JUNE 27, 2018 AT 12:30 P.M.; OR UPON DELIVERY Ethics and Economics: Making Cyclical Downturns Less Severe Eric S. Rosengren President & CEO Federal Reserve Bank of Boston June
More informationLabor Market Slack and Monetary Policy
EMBARGOED UNTIL WEDNESDAY, FEBRUARY, AT : P.M. OR UPON DELIVERY Labor Market Slack and Monetary Policy Eric S. Rosengren President & CEO Federal Reserve Bank of Boston February, The Boston Economic Club
More informationMonetary Policymaking in Today s Environment: Finding Policy Space in a Low-Rate World
EMBARGOED UNTIL MONDAY, APRIL 15, 2019, AT 8:00 P.M.; OR UPON DELIVERY Monetary Policymaking in Today s Environment: Finding Policy Space in a Low-Rate World Eric S. Rosengren President & CEO Federal Reserve
More informationMonetary, Fiscal, and Financial Stability Policy Tools: Are We Equipped for the Next Recession?
EMBARGOED UNTIL FRIDAY, MARCH 23, 2018 AT 7:00 P.M.; OR UPON DELIVERY Monetary, Fiscal, and Financial Stability Policy Tools: Are We Equipped for the Next Recession? Eric S. Rosengren President & CEO Federal
More informationObservations on Financial Stability Concerns for Monetary Policymakers
EMBARGOED UNTIL WEDNESDAY, AUGUST 31, 2016 AT 3:15 A.M. U.S. EASTERN TIME AND 3:15 P.M. IN BEIJING, CHINA; OR UPON DELIVERY Observations on Financial Stability Concerns for Monetary Policymakers Eric S.
More informationEconomic Overview. Academic Advisory Council May 6, Spencer Krane Senior Vice President Federal Reserve Bank of Chicago
Economic Overview Academic Advisory Council May 6, 6 Spencer Krane Senior Vice President Federal Reserve Bank of Chicago The views expressed are my own and not those of the Federal Reserve Bank of Chicago
More informationEconomic Conditions and Outlook and Consumer Credit Conditions
Economic Conditions and Outlook and Consumer Credit Conditions NACM-CFDD Kansas City Kansas City, MO Kelly D. Edmiston Senior Economist Disclaimer This presentation reflects the views of the speaker and
More informationEconomic Conditions and Outlook for the U.S. and Greater Kansas City Area
Economic Conditions and Outlook for the U.S. and Greater Kansas City Area Mid-America Planned Giving Council Kansas City, MO January 9, 215 Kelly D. Edmiston Federal Reserve Bank of Kansas City Economic
More informationMonetary Policy as the Economy Approaches the Fed s Dual Mandate
EMBARGOED UNTIL Wednesday, February 15, 2017 at 1:10 P.M., U.S. Eastern Time OR UPON DELIVERY Monetary Policy as the Economy Approaches the Fed s Dual Mandate Eric S. Rosengren President & Chief Executive
More informationThe Outlook and Current Policy Challenges
The Outlook and Current Policy Challenges NAHEFFA Spring Conference May 7, 18 Jeff Fuhrer EVP and Senior Policy Advisor Federal Reserve Bank of Boston 1 Disclaimer: The views represented in this presentation
More informationWorcester Business Journal Economic Forecast Breakfast February 13, Jeff Fuhrer, EVP and Senior Policy Advisor Federal Reserve Bank of Boston
Worcester Business Journal Economic Forecast Breakfast February 3, 25 Jeff Fuhrer, EVP and Senior Policy Advisor Federal Reserve Bank of Boston X Not this lady X Not this guy 2 26:Jan 26:Sep 27: 28:Jan
More informationSURVEY OF PRIMARY DEALERS
SURVEY OF PRIMARY DEALERS This survey is formulated by the Trading Desk at the Federal Reserve Bank of New York to enhance policymakers' understanding of market expectations on a variety of topics related
More informationEmbargoed for release at 2:00 p.m., EDT, March 18, 2015
Embargoed for release at :00 p.m., EDT, March 8, 0 Economic Projections of Federal Reserve Board Members and Federal Reserve Bank Presidents, March 0 Advance release of table of the Summary of Economic
More informationNational and Regional Update Charlotte Chapter of American Association of Individual Investors, Sept. 14, Rick Kaglic Senior Regional Economist
National and Regional Update Charlotte Chapter of American Association of Individual Investors, Sept. 14, 2013 Rick Kaglic Senior Regional Economist A Quick Disclaimer 2 Real Gross Domestic Product 2012
More informationSURVEY OF PRIMARY DEALERS
SURVEY OF PRIMARY DEALERS This survey is formulated by the Trading Desk at the Federal Reserve Bank of New York to enhance policymakers' understanding of market expectations on a variety of topics related
More informationSURVEY OF PRIMARY DEALERS
SURVEY OF PRIMARY DEALERS This survey is formulated by the Trading Desk at the Federal Reserve Bank of New York to enhance policymakers' understanding of market expectations on a variety of topics related
More informationThe U.S. Economic Outlook
The U.S. Economic Outlook Gering/Scottsbluff Economic Forum August 23, 216 George A. Kahn Vice President and Economist The views expressed are those of the author and do not necessarily reflect the opinions
More informationCentral Bank Balance Sheets: Misconceptions and Realities
EMBARGOED UNTIL MONDAY, MARCH 25, 2019 AT 8:30 P.M. U.S. EASTERN TIME AND TUESDAY, MARCH 26, 2019 AT 8:30 A.M. IN HONG KONG; OR UPON DELIVERY Central Bank Balance Sheets: Misconceptions and Realities Eric
More informationSURVEY OF PRIMARY DEALERS
SURVEY OF PRIMARY DEALERS This survey is formulated by the Trading Desk at the Federal Reserve Bank of New York to enhance policymakers' understanding of market expectations on a variety of topics related
More informationNIC Fall Conference Investing in Seniors Housing and Care Properties. #NICFall17
2017 NIC Fall Conference Investing in Seniors Housing and Care Properties #NICFall17 We Really Want to Hear From You! Please Take a Few Minutes to Complete Today s Session Evaluation Accessible in the
More informationXML Publisher Balance Sheet Vision Operations (USA) Feb-02
Page:1 Apr-01 May-01 Jun-01 Jul-01 ASSETS Current Assets Cash and Short Term Investments 15,862,304 51,998,607 9,198,226 Accounts Receivable - Net of Allowance 2,560,786
More informationDecline in Economic Activity Larger Than Advance GDP Estimate February 27, 2009
Northern Trust Global Economic Research 5 South LaSalle Chicago, Illinois 663 northerntrust.com Asha G. Bangalore agb3@ntrs.com Decline in Economic Activity Larger Than Advance GDP Estimate February 27,
More informationSURVEY OF MARKET PARTICIPANTS
SURVEY OF MARKET PARTICIPANTS This survey is formulated by the Trading Desk at the Federal Reserve Bank of New York to enhance policymakers' understanding of market expectations on a variety of topics
More informationSURVEY OF PRIMARY DEALERS
SURVEY OF PRIMARY DEALERS This survey is formulated by the Trading Desk at the Federal Reserve Bank of New York to enhance policymakers' understanding of market expectations on a variety of topics related
More informationRecession Now Putting Our Forecast Where Our Mouth Has Been February 4, 2008
Northern Trust Global Economic Research 5 South LaSalle Chicago, Illinois 663 northerntrust.com Paul L. Kasriel Director of Economic Research 312..15 312.557.2675 fax plk1@ntrs.com Asha Bangalore Economist
More informationEmerging Trends in the U.S. and Colorado Economies
Emerging Trends in the U.S. and Colorado Economies Sam Chapman Associate Economist Federal Reserve Bank of Kansas City Denver Branch The views expressed are those of the presenter and do not necessarily
More informationEconomic Update. Air & Waste Management Association. Georgia Chapter. Michael Chriszt Federal Reserve Bank of Atlanta October 4, 2013
1 Economic Update Air & Waste Management Association Georgia Chapter The views expressed here are not necessarily those of the FOMC, the Federal Reserve Bank of Atlanta, or the Federal Reserve System.
More informationFor release at 2:00 p.m., EDT, September 26, 2018
Economic projections of Federal Reserve Board members and Federal Reserve Bank presidents under their individual assessments of projected appropriate monetary policy, September 2018 Advance release of
More informationInflation and Monetary Policy in Extraordinary Times
EMBARGOED UNTIL Friday, Oct. 2, 29, at 8:5 a.m. U.S. Eastern Time or Upon Delivery Inflation and Monetary Policy in Extraordinary Times Eric S. Rosengren President & Chief Executive Officer Federal Reserve
More informationU.S. Economic Update and Outlook. Laurel Graefe, REIN Director Federal Reserve Bank of Atlanta October 2, 2013
1 U.S. Economic Update and Outlook Laurel Graefe, REIN Director Federal Reserve Bank of Atlanta October 2, 213 Following the deepest recession since the 193s, the economic recovery is well under way, though
More informationEconomic Outlook and Monetary Policy
Economic Outlook and Monetary Policy Northwestern University Advanced Workshop for Central Bankers September 9, 218 Spencer Krane Senior Vice President Federal Reserve Bank of Chicago The views I express
More informationWhat Can We Expect for 2017 from the FOMC?
A Registered Investment Advisory Firm What Can We Expect for 2017 from the FOMC? Dr. Robert Eisenbeis Vice Chairman & Chief Monetary Economist bob.eisenbeis@cumber.com. Further distribution prohibited
More informationThe U.S. Economic Outlook
The U.S. Economic Outlook November, Economic Club of Sheboygan George A. Kahn Vice President and Economist Federal Reserve Bank of Kansas City Outlook themes Growth has rebounded following a soft first
More informationThe President s Report to the Board of Directors
The President s Report to the Board of Directors April 4, 214 Current Economic Developments - April 4, 214 Data released since your last Directors' meeting show the economy was a bit stronger in the fourth
More informationNational Economic Indicators. December 11, 2017
National Economic Indicators December 11, 17 Table of Contents GDP Release Date Latest Period Page Table: Real Gross Domestic Product Nov-9-17 8:3 Q3-17 Real Gross Domestic Product Nov-9-17 8:3 Q3-17 5
More informationNational and Regional Economic Update
National and Regional Economic Update Philadelphia Chapter of the Financial Planning Association May 11, 2016 Gary A. Wagner, Ph.D.* FEDERAL RESERVE BANK OF PHILADELPHIA * The views expressed today are
More informationThe Outlook for the U.S. Economy National Association of Credit Union Supervisory and Auditing Committees Annual Conference and Expo Louisville, KY
The Outlook for the U.S. Economy National Association of Credit Union Supervisory and Auditing Committees Annual Conference and Expo Louisville, KY Kevin L. Kliesen Business Economist and Research Officer
More informationSURVEY OF PRIMARY DEALERS
SURVEY OF PRIMARY DEALERS This survey is formulated by the Trading Desk at the Federal Reserve Bank of New York to enhance policymakers' understanding of market expectations on a variety of topics related
More informationConsumer Price Index, Jobless Claims, Housing Starts Each of These Reports Have Favorable Aspects to Note
Consumer Price Index, Jobless Claims, Housing Starts Each of These Reports Have Favorable Aspects to Note January 19, Asha G. Bangalore agb3@ntrs.com The Consumer Price Index (CPI) held steady in December,
More informationThe US Economic Outlook (with a Fed twist)
The US Economic Outlook (with a Fed twist) Presentation prepared for the Economic Outlook Conference 2011 January 13, 2011 Chapter 1: Why the FOMC went with QE2, an interpretive dance by David Altig, who
More informationStaff GDP Forecast Summary
Staff GDP Forecast Summary Real growth: about ¾% (Q/Q) in 8 and ½% in 9. Forecast for 8 stronger than that presented at April 7 EAP. Forecasts for 8 and 9 similar to Blue Chip consensus. Outlook reflects
More informationShort-Term Wholesale Funding Risks
EMBARGOED UNTIL WEDNESDAY, NOVEMBER 5, 2014 AT 9:00 A.M. IN U.S. EASTERN TIME AND IN LIMA, PERU; OR UPON DELIVERY Short-Term Wholesale Funding Risks Eric S. Rosengren President & CEO Federal Reserve Bank
More informationU.S. and Regional Economic Conditions and Outlook
U.S. and Regional Economic Conditions and Outlook CFA Society of Nebraska Omaha, NE January 14, 215 Kelly D. Edmiston Federal Reserve Bank of Kansas City Outline Structure and Role of the Federal Reserve
More informationDecember. US Interest Rates. Chartbook
December 2016 US Interest Rates Chartbook Takeaways The FOMC December statement has revealed a unanimous vote for a 2nd Fed funds rate increase, while economic projections reinforced the Fed s stance to
More informationBOMA National Advisory Council Meeting Seaport Hotel, Boston MA
BOMA National Advisory Council Meeting Seaport Hotel, Boston MA May 5, 2017 Jeff Fuhrer, EVP and Senior Policy Advisor Federal Reserve Bank of Boston 1 Raising rates? Raising rates more this year? Next?
More informationRESPONSES TO SURVEY OF
RESPONSES TO SURVEY OF PRIMARY DEALERS Markets Group, Federal Reserve Bank of New York RESPONSES TO SURVEY OF a v JUNE Distributed: 5/31/ Received by: 6/4/ The Survey of Primary Dealers is formulated by
More informationAfter the Rate Increase, What Then?
After the Rate Increase, What Then? Robert Eisenbeis, Ph.D. Vice Chairman & Chief Monetary Economist Bob.Eisenbeis@Cumber.com What the FOMC Did At Dec Meeting The Fed made the first step towards normalization
More informationThoughts on US Monetary Policy Prepared for Hutchins Center Conference, March 21, 2016
Thoughts on US Monetary Policy Prepared for Hutchins Center Conference, March 21, 2016 Richard H. Clarida Professor of Economics and International Affairs Columbia University Global Strategic Advisor PIMCO
More information2018 Investment and Economic Outlook
2018 Investment and Economic Outlook Presented 3/19/18 Jeffrey Neer, CFA Client Portfolio Manager 410-237-5592 jeffrey.neer@pnc.com 1 Monetary Policy: Key Factors Inflation U.S. U.S. Labor Market 2.4%
More informationFinancial & Business Highlights For the Year Ended June 30, 2017
Financial & Business Highlights For the Year Ended June, 17 17 16 15 14 13 12 Profit and Loss Account Operating Revenue 858 590 648 415 172 174 Investment gains net 5 162 909 825 322 516 Other 262 146
More informationUpstate New York Regional Advisory Board Federal Reserve Bank of New York Thursday, November 15, Tony Davis, Officer & Director
AGENDA 1:3am-1:35am 1:35am-11:5am 11:5am-11:35am 11:35am-1:pm 1:pm 1:15pm 1:15pm-1:55pm Upstate New York Regional Advisory Board Federal Reserve Bank of New York Thursday, November 15, 18 Welcome Tony
More informationPRESS RELEASE. Securities issued by Hungarian residents and breakdown by holding sectors. January 2019
7 March 2019 PRESS RELEASE Securities issued by Hungarian residents and breakdown by holding sectors January 2019 According to securities statistics, the amount outstanding of equity securities and debt
More informationRESPONSES TO SURVEY OF
RESPONSES TO SURVEY OF PRIMARY DEALERS Markets Group, Federal Reserve Bank of New York RESPONSES TO SURVEY OF a v JULY/AUGUST 2018 Distributed: 7/19/2018 Received by: 7/23/2018 The Survey of Primary Dealers
More informationU.S. Economic Outlook
U.S. Economic Outlook Monthly Update June 11, 2015 Meeting Details Topic: U.S. Economic Outlook Date: Thursday, June 11, 2015 Time: 10:00 am, Central Standard Time (Chicago, GMT-06:00) Meeting Number /
More informationEconomic Outlook and Monetary Policy
Economic Outlook and Monetary Policy Enterprise Risk Management Symposium Chicago, IL September 3, 214 Spencer Krane Senior Vice President Federal Reserve Bank of Chicago The views expressed here are my
More informationSpheria Australian Smaller Companies Fund
29-Jun-18 $ 2.7686 $ 2.7603 $ 2.7520 28-Jun-18 $ 2.7764 $ 2.7681 $ 2.7598 27-Jun-18 $ 2.7804 $ 2.7721 $ 2.7638 26-Jun-18 $ 2.7857 $ 2.7774 $ 2.7690 25-Jun-18 $ 2.7931 $ 2.7848 $ 2.7764 22-Jun-18 $ 2.7771
More informationChart Collection for Morning Briefing
Chart Collection for Morning Briefing November 5, 1 Dr. Edward Yardeni 51-97-73 eyardeni@ Mali Quintana --1333 aquintana@ Please visit our sites at www. blog. thinking outside the box 35 3 75 5 Figure
More informationThe Future of Mexican Monetary Policy
The Future of Mexican Monetary Policy Mr. Javier Guzmán Calafell, Deputy Governor, Banco de México* XP Securities Mexico Summit Mexico City, 2 March 2017 */ The views expressed herein are strictly personal.
More informationEconomic Conditions and Outlook
Economic Conditions and Outlook Directors College Monroeville October 4, 18 Alexander Gilchrist Regional Economist Division of insurance and Research Disclaimer The views expressed in this presentation
More informationThe Economic & Financial Outlook
The Economic & Financial Outlook James Marple Director & Senior Economist TD Economics May 3, 2018 Global Economies Break Pattern Of Serial Disappointment 4.0 World GDP, Year/Year % Change 3.9 3.8 3.7
More informationThe Economic & Financial Outlook
The Economic & Financial Outlook Beata Caranci SVP & Chief Economist TD Economics September 217 Key Themes Synchronized global economic acceleration has put monetary policy normalization in focus Canada
More informationCapturing equity gains whilst protecting portfolios
Capturing equity gains whilst protecting portfolios Edward Park Q2 2018 MSCI North America Total Return in USD (2017 Discrete Calendar Months) 4.00% 3.50% 3.00% 2.50% 2.00% 1.50% 1.00% 0% 0.00% Jan-17
More informationPRESS RELEASE. Securities issued by Hungarian residents and breakdown by holding sectors. October 2018
PRESS RELEASE 10 December 2018 Securities issued by Hungarian residents and breakdown by holding sectors October 2018 According to securities statistics, the amount outstanding of equity securities and
More informationNational Economic Indicators. May 7, 2018
National Economic Indicators May 7, 18 Table of Contents GDP Release Date Latest Period Page Table: Real Gross Domestic Product Apr-7-18 8:31 Q1-18 Real Gross Domestic Product Apr-7-18 8:31 Q1-18 5 Decomposition
More informationECONversations. Economic and Policy Briefing Webcast Dave Altig, Research Director November 19, :00 p.m. ET
ECONversations Economic and Policy Briefing Webcast Dave Altig, Research Director November 9, 4 : p.m. ET Questions for Dave: events@atl.frb.org Technical issues: james.dooley@atl.frb.org Information received
More informationLiquidity Management: Beyond Quantitative Easing
Liquidity Management: Beyond Quantitative Easing June 2014 Agenda 1. Assessing Risk: Current Market Conditions a. Global Macroeconomics b. Monetary Policy c. Quantitative Easing (QE) d. Asset Bubbles e.
More information1.2 The purpose of the Finance Committee is to assist the Board in fulfilling its oversight responsibilities related to:
Category: BOARD PROCESS Title: Terms of Reference for the Finance Committee Reference Number: AB-331 Last Approved: February 22, 2018 Last Reviewed: February 22, 2018 1. PURPOSE 1.1 Primary responsibility
More informationPRESS RELEASE. Securities issued by Hungarian residents and breakdown by holding sectors. October 2017
11 December 2017 PRESS RELEASE Securities issued by Hungarian residents and breakdown by holding sectors October 2017 According to securities statistics, the amount outstanding of equity securities and
More informationNESGFOA Economic Assessment Impact on Rates
NESGFOA Economic Assessment Impact on Rates September 18, 2017 Not FDIC Insured May Lose Value No Bank Guarantee Not NCUA or NCUSIF insured. May lose value. No credit union guarantee. For institutional
More informationA View from the Fed: Slouching toward 2016
A View from the Fed: Slouching toward 2016 28 th Annual Economic Outlook Conference, University of Alabama Culverhouse College of Commerce Montgomery, AL January 14, 2016 The views expressed are those
More informationEconomic Indicators For Manufacturing Executives
Economic Indicators For Manufacturing Executives Valuable Data for a Complex World Presented by: Cliff Waldman Chief Economist, MAPI Foundation cwaldman@mapi.net Today s Presentation The Value of Economic
More informationHow the Federal Reserve Can Affect Agriculture
How the Federal Reserve Can Affect Agriculture 2012 2013 Ag Profitability Conferences Brian C. Briggeman Associate Professor and Director of the Arthur Capper Cooperative Center The Federal Reserve System
More informationRESPONSES TO SURVEY OF
RESPONSES TO SURVEY OF PRIMARY DEALERS Markets Group, Federal Reserve Bank of New York RESPONSES TO SURVEY OF a v JANUARY Distributed: 1/18/ Received by: 1/22/ The Survey of Primary Dealers is formulated
More informationRESPONSES TO SURVEY OF
RESPONSES TO SURVEY OF MARKET PARTICIPANTS Markets Group, Federal Reserve Bank of New York RESPONSES TO SURVEY OF a v JANUARY Distributed: 1/18/ Received by: 1/22/ The Survey of Market Participants is
More informationThe Federal Reserve has set the target range for the federal
NationalEconomicTrends October Monetary Policy Stance: The View from Consumption Spending The Federal Reserve has set the target range for the federal funds at to 5 percent and intends to keep this near
More informationEconomic Conditions and Outlook for the U.S., Kansas, and the Midwest
Economic Conditions and Outlook for the U.S., Kansas, and the Midwest Midwest Regional Public Finance Conference Wichita, KS April 25, 2014 Kelly D. Edmiston Federal Reserve Bank of Kansas City Overview
More informationVECTRA BANK 23 RD ANNUAL ECONOMIC FORECAST BREAKFAST START SMART IN 2016! Member FDIC VectraBank.com
VECTRA BANK 23 RD ANNUAL ECONOMIC FORECAST BREAKFAST START SMART IN 2016! Member FDIC VectraBank.com Economic Presentation April 26, 2016 Tatiana Bailey, Ph.D. Director, UCCS Economic Forum A Little Humor
More informationEmerging Trends in the Regional Economy
Emerging Trends in the Regional Economy Alison Felix Economist & Branch Executive Federal Reserve Bank of Kansas City Denver Branch The views expressed are those of the presenter and do not necessarily
More informationBBVA Research U.S. Economic Outlook August 2018 / 1. U.S. Economic Outlook August 2018
BBVA Research U.S. Economic Outlook August 2018 / 1 U.S. Economic Outlook August 2018 Economic Outlook Incoming data consistent with baseline of high growth and inflation in 2018 & 2019 There was no change
More informationRESPONSES TO SURVEY OF
RESPONSES TO SURVEY OF PRIMARY DEALERS Markets Group, Federal Reserve Bank of New York RESPONSES TO SURVEY OF a v November 2016 SEPTEMBER 2017 Distributed: 9/7/2017 Received by: 9/11/2017 The Survey of
More informationWritten Testimony of Eric S. Rosengren President & Chief Executive Officer Federal Reserve Bank of Boston
Written Testimony of Eric S. Rosengren President & Chief Executive Officer Federal Reserve Bank of Boston Field hearing of the Committee on Financial Services of the U.S. House of Representatives: Seeking
More informationIllinois Job Index Note: BLS revised its estimates for the number of jobs and seasonal adjustment method at the beginning of 2010.
Illinois Job Index Release Data Issue 4/21/2010 Jan 1990 / Mar 2010 Note: BLS revised its estimates for the number of jobs and seasonal adjustment method at the beginning of 2010. For April Illinois Job
More informationEconomic Outlook. William Strauss Senior Economist and Economic Advisor Federal Reserve Bank of Chicago
Economic Outlook CRF Credit & A/R Forum & EXPO Salt Lake City, UT October 23, 218 William Strauss Senior Economist and Economic Advisor Federal Reserve Bank of Chicago What I said In August The outlook
More informationReview of Registered Charites Compliance Rates with Annual Reporting Requirements 2016
Review of Registered Charites Compliance Rates with Annual Reporting Requirements 2016 October 2017 The Charities Regulator, in accordance with the provisions of section 14 of the Charities Act 2009, carried
More informationEconomic Update Adrienne C. Slack March 2017
Economic Update Adrienne C. Slack March 2017 The views expressed are mine, and not necessarily those of the Atlanta Fed or the Federal Reserve System. 2 The Fed s Dual Mandate The Fed is pursuing two objectives
More informationPRESS RELEASE. Securities issued by Hungarian residents and breakdown by holding sectors. April 2016
10 June 2016 PRESS RELEASE Securities issued by Hungarian residents and breakdown by holding sectors April 2016 According to securities statistics data, the amount outstanding of equity securities and
More informationS & P S H E A L T H C A R E C R O S S S E C T O R
S T R I C T L Y P R I V A T E A N D C O N F I D E N T I A L S & P S H E A L T H C A R E C R O S S S E C T O R C O N F E R E N C E The outlook for the U.S. economy, the federal budget and the changing economics
More informationU.S. Economic Outlook
U.S. Economic Outlook Daniel Cooper Federal Reserve Bank of Boston October 14, 2015 The views expressed in this presentation are those of the author and do not necessarily represent the views of the Federal
More information