Taper
in sentence
60 examples of Taper in a sentence
We could print different meds for tapering for a patient on a steroid taper, or tapering from pain medications.
Gravity causes this expansion and rising, which gives flames their characteristic
taper.
And in proportion, what would the size of the sphere and the length, and what would the
taper
be to the Earth?
Indeed, last summer, when speculation that the Fed would soon begin to
taper
its purchases of long-term assets (so-called quantitative easing), financial-market pressures were strongest in markets suspected of having weak fundamentals.
Although the eurozone is showing signs of a solid economic recovery, the European Central Bank is feeling increasing pressure to
taper
its ultra-expansionary monetary policies.
Likewise, the ECB is preparing to
taper
its bond purchases in 2018, under the assumption that inflation will rise in due course.
Five main arguments for the Fed’s decision to postpone the
taper
have frequently been proposed.
Another is that officials worried about excessive financial tightening after Bernanke’s mention in May of a possible taper, jeopardizing the economy’s gradual recovery.
Others see in the decision to postpone the
taper
an effort to pre-empt the negative effects on the economy of a possible congressional debacle over government funding and the debt limit.
The bad news is that the decision not to
taper
is unlikely to put either the Fed or the economy in a better place, confronting Yellen with a difficult task when she begins her historic tenure.
Thus, it would be natural for the Fed to worry about slowing economic growth in emerging countries (accentuated in countries like Brazil and India by the financial volatility that followed the Fed’s
taper
talk in May).
The most popular culprit is the Fed, which has begun to
taper
its highly experimental policy of “quantitative easing,” or purchases of long-term assets aimed at supporting growth beyond what could be achieved with zero nominal interest rates.
The
taper
tantrum of 2013 and the current travails of Argentina, Brazil, and other emerging economies underscore the contagion of cross-market spillovers arising from the ebb and flow of QE.
The rise in US long-term interest rates – from a low of 1.6% in May to recent peaks above 2.9% – has been driven by market fears that the Fed will
taper
QE too soon and too fast, and by the uncertainty surrounding Bernanke’s successor.
And the European Central Bank is now pondering just how fast to
taper
its own QE policy in 2018, and when to start phasing out negative interest rates, too.
Soon, it will begin to
taper
off, and industrial output will approach full capacity.
And the Federal Reserve has validated this seemingly uplifting scenario by starting to
taper
its purchases of long-term assets.
But now investors are again asking what will happen in emerging markets if and when the big bad
taper
wolf shows up.
The Fed’s bout of indigestion started with Chairman Ben Bernanke’s June 19 press conference, where he warned that the Fed’s purchases of long-term securities might start to
taper
off if the economy continued to perform well – specifically, if unemployment fell to 7%.
To say that the Fed’s policy of “quantitative easing” might
taper
off, they explained, was different from saying that it would be halted.
And yet the plan assumes that the migration flows will
taper
off, with the population declining by only 0.2% per year over the 2017-2026 period.
Moreover, the European Central Bank and the Bank of Japan would need to tighten monetary policy – including accelerating the
taper
of their large-scale asset purchases – faster than markets expect.
Now that the
taper
has been postponed, capital is flowing back in some cases.
When the Fed initially hinted at its intention to
taper
QE, policymakers in some emerging economies cried foul, but were dismissed by advanced-economy officials as chronic complainers.
Fortunately, the worst of the
taper
tantrum proved temporary.
The problem is that financial markets simply do not believe central bankers’ claim that their current desire to
taper
quantitative easing (QE) is not connected to any future desire to raise short-term interest rates.
If not – if the risks compelling the end of QE are left vague – they will be unable to counter investors’ belief that a
taper
today will mean a new path for interest rates tomorrow.
In this way, the Fed had already achieved a significant rise in rates without having to
taper
QE.
Unlike the
taper
tantrum and the devaluation of the renminbi, the Fed’s rate-hike announcement on December 16 certainly was no surprise.
In 2013, for example, the US Federal Reserve’s suggestion that it would begin to
taper
off one of its quantitative easing programs triggered a “taper tantrum,” with money pouring out of the bond market and bond yields rising substantially.
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