That's moving it closer to the Fed's 1.5 percent target rate for short-term rates.
Inflation is running well above the target rate and unlikely to subside until June.
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The bad news add pressure on the Federal Reserve to cut its federal funds target rate.
Euro-zone inflation held steady for a third straight month in July, just above the ECB's target rate.
At present, both main measurements of inflation continue to be well above the Bank of England's 2% target rate.
It still expects inflation to fall back towards the Bank's target rate of 2% towards the end of next year.
Consumer-price inflation is already at 3.3% and expected to rise above 4% (double the official target rate) later this year.
And inflation has been running below the Fed's target rate, allowing it to keep stimulating the economy without igniting price increases.
Households appear to have a target rate of saving in order to meet expected expenditures for housing, education, healthcare, and retirement.
Hence, the Fed entered the crisis with the Federal Funds target rate at 5.25 percent and the discount rate at 6.25 percent.
Look for the overnight target rate to double, to 2%, in 2011.
There was no surprise to see that the BoJ has left its AP program and its overnight target rate unchanged last night.
In June of 2006, Bernanke culminated his inflation fighting efforts by raising the Fed Funds target rate to 5.25%, after CPI inflation reached 4.2%.
One month from now, we expect Tesla to double production again and achieve the target rate of 400 cars per week or 20, 000 per year.
While no increase in interest rates is expected, there is little doubt among investors that the future direction for the central bank s target rate will be up.
There are few signs that inflation is likely to be a threat in the near future, it is well below the ECB's target rate of 2% in any case.
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The Federal Open Market Committee voted to keep its fed funds target rate unchanged at a range of zero to 0.25% Wednesday, but did acknowledge the improving economic environment.
It is presumed that increases in the Fed's target rate for overnight loans are bad for stocks because high interest rates make the future earnings from corporations less valuable today.
Unemployment has continued to tumble, to far below the point previously thought consistent with stable inflation, yet inflation (excluding mortgage-interest payments) is bang on the Bank's target rate of 2.5%.
Headline inflation has fallen to 3.2%, from its high of 4.0%, and the ECB has said it should fall to its target rate of 2.0% by the end of the second half of 2009.
He also expressed disappointment at higher-than-expected inflation, which stands at 2.7%, but reiterated the Bank's belief that the rate would come back down to its target rate of 2% over the next two years.
Although this was still well above the 2% target, the Bank of England governor, Mervyn King, said in a letter to the chancellor that inflation was set to fall "materially" below the target rate in the second half of 2009.
Second, see if your plan has a contribution rate escalator, which allows you to have your contributions slowly raised periodically until you reach your target contribution rate. (Of course, it only takes a few minutes each year to do the same thing manually on your own.) Going from 6% to 15% (which many retirement experts recommend as a target saving rate) may sound impossible, but how about a 1% increase?
From 2010 on, the target growth rate is gross domestic product plus one percent.
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From 2015 to 2019, the target growth rate is an average of medical inflation and overall inflation.
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Most reported that results have been in line with expectations and they target market rate financial returns.
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First oil is expected to be landed by early 2006, with a target production rate of 250, 000 barrels per day.
The target growth rate for the company of which he's chief executive, Health Management Associates , is two to four hospitals a year.
The emergence of a weak target exchange rate implies a more internationalized yen, which is another variable in arresting excessive appreciation of the dollar.
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