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Showing 71 - 80 of 194 results for %22nominal US%22

Chief economist update: Fear and loathing on Wall Street

BENJAMIN ONG  |  THURSDAY, 25 OCT 2018
... was unchanged at 2.2% in the year to September, inflation expectations - based on the yield differential between 10-year nominal US bonds and the 10-year TIPS is at 1.95% (a smidgen off the Fed's 2% target). Speaking of which, consensus expectations ...

Chief economist update: Blame and trim

BENJAMIN ONG  |  MONDAY, 15 OCT 2018
... expectations beget higher actual inflation. US inflation expectations - as measured by the yield differential between nominal US bonds and TIPs - haven't risen sharply. The differential on the 5-year's currently at 2.1% from 1.9% at the start ...

Chief economist update: It wasn't me, it's the Fed

BENJAMIN ONG  |  FRIDAY, 12 OCT 2018
... expectations beget higher actual inflation. US inflation expectations - as measured by the yield differential between nominal US bonds and TIPs - haven't risen sharply. The differential on the 5-year's currently at 2.1% from 1.9% at the start ...

Chief economist update: Wall Street has fallen, prepare to be greedy

BENJAMIN ONG  |  THURSDAY, 11 OCT 2018
... Likewise, for all the talk over surging US inflation, inflation expectations - as measured by the yield differential between nominal US bonds and TIPs - haven't risen sharply. The differential on the 5-year's currently at 2.1% from 1.9% at the ...

Chief economist update: Look ma, inflation ate my wages

BENJAMIN ONG  |  THURSDAY, 16 AUG 2018
... marginal acceleration from the 2% rate recorded in the March quarter. However, this masks the fact that the growth in nominal wages is being eaten up by inflation. Growth in real wages - nominal wages growth less headline inflation (no use using the ...

Chief economist update: Small business is big business

BENJAMIN ONG  |  WEDNESDAY, 15 AUG 2018
... months (if not next month) with the NFIB revealing that: "A net 8% of all owners (seasonally adjusted) reported higher nominal sales in the past three months compared to the prior three months. July is the eighth consecutive strong month of reported ...

Chief economist update: ECB on track for exit

BENJAMIN ONG  |  FRIDAY, 27 JUL 2018
... oil prices - remain muted (down to 0.9% in June from 1.1% in May). However, he takes comfort in the recent "pick up in nominal wage growth across the Eurozone." When asked if the ECB is monitoring trade developments between the US and EU, Draghi replied ...

Chief economist update: Inflation genie still inside the box

BENJAMIN ONG  |  THURSDAY, 26 JUL 2018
... rate suggests that wages growth would remain at around 2.0% till the end of 2018 (at least). If correct, the growth in nominal wages will continue to be eroded by inflation. The wage price index increased by 2.1% in the March quarter (the next update ...

Chief economist update: What goes around is starting to get around

BENJAMIN ONG  |  THURSDAY, 19 JUL 2018
... soon, it'll become a real problem for the Fed. Real wages, that is. The recent CPI report indicates that real wages - nominal wages less inflation - are being eroded which, by extension, would slow consumer spending. Nominal wages growth of 2.7% ...

Chief economist update: The Goldilocks rate of interest

BENJAMIN ONG  |  WEDNESDAY, 18 JUL 2018
... trying to convey? The Taylor Rule according to Wikipedia is "a reduced form approximation of the responsiveness of the nominal interest rate, as set by the central bank, to changes in inflation, output, or other economic conditions." It offers an answer ...