N) undershot by 30 percentage points and PNC Financial (PNC.
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This undershot the Reuters consensus forecast for rise to 13.1.
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The index also undershot expectations for a seventh straight month.
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This undershot the Reuters consensus forecast of a 0.25 percent increase.
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This undershot a Reuters consensus forecast for a fall to 18.0.
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This undershot economists' median estimate for a 0.3 percent annual increase.
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After all, both imports and exports undershot forecasts for the month.
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In fact, it has consistently undershot the ECB's target since 2013.
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The reading undershot the Reuters consensus forecast for a 0.1% decline.
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It has undershot the U.S. central bank's 289% target this year.
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It has undershot the U.S. central bank's 289% target this year.
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This undershot a Reuters consensus forecast for a fall to 15.0.
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The March reading undershot a Reuters consensus forecast of 1.6 percent.
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That undershot a Reuters consensus forecast for an increase of 3.5 percent.
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This undershot a Reuters consensus forecast for a smaller drop to -12.0.
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Inflation has undershot the U.S. central bank's 2 percent target this year.
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This was the fourth month in a row that unemployment undershot estimates.
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This month RWE'S profit forecast for the renewables business undershot analysts' estimates.
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The reading undershot a Reuters poll forecast for a rate of 4.89 percent.
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Shiseido Co weighed after the cosmetics company's annual operating forecast undershot market expectations.
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The reading for July undershot the Reuters forecast for a 0.3 percent rise.
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The core PCE has undershot the Fed's 2 percent target since mid-2012.
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Inflation has consistently undershot the Federal Reserve's 235 percent target since mid-21.5.
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This undershot a Reuters forecast of 1.3% and was the lowest since November 2016.
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I had undershot in how early stage in development I wanted to be at.
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Price rises have undershot market expectations for seven straight months, according to Reuters polls.
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The reading for July far undershot a Reuters forecast of a 1.93 percent rise.
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The reading undershot a Reuters poll of analysts who had predicted a 1.5 percent increase.
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The reading undershot a Reuters poll of analysts who had predicted a 0.5 percent rise.
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The reading undershot a Reuters poll of analysts who had predicted a 0.8 percent rise.
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Passenger numbers and revenues have undershot forecasts since the eight-year contract began in 2015.
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This was the lowest reading since May 2017 and undershot a forecast of 10.4 points.
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However, the majority of the board is cautious after years in which inflation has undershot.
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It has undershot the U.S. central bank's 2 percent target for the past five years.
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The core PCE has undershot the Fed's 2.43 percent target for nearly 5-1/2 years.
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The annual pace did pick up to 1.5 percent, from 1.3 percent, but again undershot expectations.
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The mining giant's half-year results on Tuesday undershot expectations, although shareholders enjoyed a dividend boost.
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The August reading, the fifth monthly decline in a row, undershot a consensus forecast for 95.1.
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Inflation has undershot the Fed's target 85% of the time since it was announced in 2012.
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The reading significantly undershot a Reuters poll of analysts, who had predicted a 0.8 percent rise.
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Core PCE has undershot the U.S. central bank's 2 percent target for the past five years.
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The core PCE has undershot the Fed's 3.13 percent target for nearly 5-1/2 years.
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Inflation has persistently undershot the Federal Reserve's 2 percent target, also constrained by sluggish wage growth.
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The reading undershot a Reuters poll of analysts who had predicted a rise of 1.8 percent.
|
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The core PCE has undershot the Fed's 2 percent target for nearly 5-1/2 years.
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The core PCE has undershot the Fed's 225 percent target for nearly 2008-2300/19703 years.
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|
The firm resumed its dividend but the announced payout of $0.10 undershot analysts' expectations of $0.30.
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|
What's interesting is the wage number, which was probably the most closely watched number, actually undershot.
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Consumer price inflation for the December quarter undershot all expectations at an annual rate of 1.6 percent.
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The ECB targets inflation at just below 2 percent but has undershot this target since early 2013.
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But wage growth in the three months to July undershot market expectations, another report showed on Wednesday.
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|
Shares in Wesfarmers Ltd ended 5.7 percent down after the company's first quarter sales undershot market expectations.
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|
Core inflation, a closely watched measure, has undershot the RBA's target for more than two years now.
|
|
That index increased 1.5 percent year-on-year in May and has undershot its target this year.
|
|
Analysts have been revising down earnings estimates for European companies this quarter as results slightly undershot expectations.
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|
Nor is Draghi happy with inflation, which has persistently undershot the ECB's target of just below 2%.
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French business activity jumped to its strongest level in six months, but German business activity undershot expectations.
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|
He also noted that inflation has persistently undershot the ECB's target of below but close to 2%.
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The core PCE price index has undershot the U.S. central bank's 2 percent target since mid-2012.
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|
The ECB targets an inflation rate of just below 2%, but it has undershot this since 2013.
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|
It slightly undershot forecasts of a 2.0 percent rise and sent the euro to an 11-day low.
|
|
Wage growth has for years undershot the Bank's expectations and the economy is slowing as Brexit gets underway.
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|
The ECB targets inflation at just below 2% but has undershot this figure since 2013, despite unprecedented stimulus.
|
|
The core PCE price index has consistently undershot the Fed's 2 percent target for more than five years.
|
|
The ECB targets inflation at just below 2% but has undershot this figure since 2013, despite unprecedented stimulus.
|
|
Wage growth could put longer-term pressure on prices, but it undershot expectations in data released on Wednesday.
|
|
Now, in 2017, the idea that the Federal Reserve undershot its efforts to help workers carries more weight.
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|
The February reading, which was the highest since December 2017, undershot a Reuters consensus forecast of 1.6 percent.
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|
The Fed has undershot its goal of 103 percent annual inflation in each of the past five years.
|
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The Fed's preferred measure of inflation has consistently undershot its 2% target rate over the past several years.
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The February reading undershot expectations in a Reuters consensus forecast of analysts who had forecast a dip to 117.0.
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|
The bank has missed its inflation target three times in the last two decades, but has never undershot it.
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The core PCE price index increased 1.6% year-on-year in May and has undershot its target this year.
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The data for the single currency area came after French and German business surveys released earlier also undershot expectations. .
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|
Indeed, figures on Thursday showed German industry orders and euro zone confidence beat expectations, but retail sales undershot forecasts.
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The reading, which undershot a forecast of 1.6 percent, was driven by weaker cost pressures for food and services.
|
|
The outcome marked a second straight rising month but undershot the median market forecast for a 2.1 percent gain.
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|
Crucially, wage growth and inflation has undershot expectations for some years and showed little sign of heating up soon.
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|
The reading, an 11-month low, undershot the expectations of analysts polled by Reuters, whose consensus forecast was 114.8.
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|
The Fed also has an inflation target, which it has routinely undershot for the better part of six years.
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The core PCE price index increased 20.8% year-on-year in May and has undershot its target this year.
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|
The core PCE price index increased 22% year-on-year in May and has undershot its target this year.
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|
The ECB has undershot its inflation target of almost 2% since 2013 so stimulus was essential to maintain credibility.
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The ECB has undershot its inflation target of almost 2% since 2013 so stimulus was essential to maintain credibility.
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Inflation has undershot this since 2013 and projections suggest it will continue to miss it for years to come.
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|
The November reading was the lowest since December 2014 and undershot an analyst forecast for a dip to 53.2.
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|
Over the past few years, inflation has consistently undershot expectations, mainly due to declining oil prices and falling economic sentiment.
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|
Japan's economic growth has been lacklustre for much of this year as consumer spending and exports largely undershot economists' expectations.
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|
Third-quarter net profits, down by 2238% on the same period last year, to $2000bn, undershot pundits' forecasts by 2104%.
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|
That's almost certainly because it undershot its target of 80 million, which had been revised from an initial 100 million.
|
|
The core PCE price index increased 1.5 percent year-on-year in May and has undershot its target this year.
|
|
The central bank has missed its inflation target three times in the last two decades, but has never undershot it.
|
|
Second-quarter profit hit 13 billion yen ($274.11 million), the Kyoto-based gaming company said, though that undershot analyst estimates.
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|
The Fed views an inflation rate of 2 percent as healthy, but has undershot this target the last four years.
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|
The core PCE index is the Fed's preferred inflation measure and has undershot the central bank's 2% target this year.
|
|
Third-quarter net profits, down by 2104% on the same period last year, to $243bn, undershot pundits' forecasts by 290%.
|
|
Data on Tuesday showed Chinese bank lending growth undershot analysts' estimates, but the drop was likely due to seasonal factors.
|
|
It slowed from 3.2 percent in April and undershot the median estimate of 2.6 percent growth in a Reuters poll.
|
|
The annual increase in the core PCE has consistently undershot the central bank's 0.33 percent inflation target since mid-2012.
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|
The annual increase in the core PCE has consistently undershot the central bank's 2 percent inflation target since mid-2012.
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|
However, for all of 2019, ADP actually undershot the government count — an average of 162,000 per month compared with about 176,000.
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The core PCE index is the Fed's preferred inflation measure and has undershot the U.S. central bank's 985.43% target this year.
|
|
The 11-month low reading undershot expectations in a Reuters consensus forecast of analysts who had predicted a dip to 114.8.
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|
Results which undershot expectations were being punished more than upbeat earnings were being rewarded, said David Madden, analyst at CMC Markets.
|
|
Inflation has undershot the Fed's 2% target this year, rising 1.6% year-on-year in June after gaining 1.5% in May.
|
|
But the U.S. Central Bank tracks the different personal consumption expenditures (PCE) price indexes, which has consistently undershot the Fed's target.
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|
This means that the change in a prediction market price tells you how much each candidate overshot or undershot those expectations.
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|
But in the other seven states, where fewer than five polls were conducted, the polling averages undershot Trump by 2.7 points.
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|
Since the Fed formally said it would aim for 2 percent yearly inflation, actual inflation has undershot the target each year.
|
|
The core PCE index is the Fed's preferred inflation measure and has undershot the U.S. central bank's 21.32% target this year.
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|
The core PCE index is the Fed's preferred inflation measure and has undershot the U.S. central bank's 21.32% target this year.
|
|
The core PCE index is the Fed's preferred inflation measure, and had undershot the U.S. central bank's 2% target this year.
|
|
This came after a downwardly revised 0.2 rise in June and undershot the Reuters consensus forecast of a 0.25 percent increase.
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|
The core PCE index is the Fed's preferred inflation measure and had undershot the U.S. central bank's 2% target this year.
|
|
In 2018, one person was killed after a pilot undershot a runway in Micronesia and sent the plane into a lagoon.
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The core PCE index is the Fed's preferred inflation measure and has undershot the U.S. central bank's 1.353% target this year.
|
|
The core PCE index is the Fed's preferred inflation measure, and had undershot the U.S. central bank's 2% target this year.
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|
The reading was the weakest since January 2017 and undershot a Reuters poll of analysts who had predicted a 1.6 percent drop.
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|
Indeed, they undershot Barack Obama's margin of victory by a few points in 2012, and tended to underestimate Republican strength in 2014.
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|
For most of the eight years he has spent at the helm, euro zone inflation has undershot targets and data on Aug.
|
|
The core PCE index is the Fed's preferred inflation measure and has undershot the U.S. central bank's 985.43 percent target this year.
|
|
The core PCE price index increased 20.2% on a year-on-year basis in June and has undershot its target this year.
|
|
The core PCE price index increased 20.7% on a year-on-year basis in June and has undershot its target this year.
|
|
The core PCE price index increased 1.6% on a year-on-year basis in June and has undershot its target this year.
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|
It undershot its goal for the first time ever last year and has since cut interest rates to an all-time low.
|
|
The core PCE price index increased 20.5% on a year-on-year basis in June and has undershot its target this year.
|
|
The bank has undershot its target for nearly five years and expects to miss at least until the end of the decade.
|
|
"The fall in stockpiles undershot the expectation of a 2.36 million draw," said Greg McKenna, chief market strategist at futures brokerage AxiTrader.
|
|
The core PCE index is the Fed's preferred inflation measure and has undershot the central bank's 2000 percent target since mid-224.
|
|
The core PCE index is the Fed's preferred inflation measure and has undershot the U.S. central bank's 2 percent target this year.
|
|
The core PCE price index rose 1.13% on a year-on-year basis in August and has undershot its target this year.
|
|
The core PCE price index rose 1.13% on a year-on-year basis in August and has undershot its target this year.
|
|
The core PCE price index rose 20.1% on a year-on-year basis in August and has undershot its target this year.
|
|
The Fed's preferred inflation measure, the personal consumption expenditures (PCE) price index excluding food and energy, has undershot its target since May 235.
|
|
However, the revised figure still undershot market estimates: The median estimate in a Reuters poll of economists had pegged growth at 1.6 percent.
|
|
Trump, however, was expected to get 44 percent of the vote, and he now has 47.5 percent; the polls undershot his support considerably.
|
|
The Fed's preferred inflation measure, the personal consumption expenditures (PCE) price index excluding food and energy, has undershot its target since May 2012.
|
|
But rich-world central banks have undershot their targets for so long they may struggle to persuade the public to expect higher inflation.
|
|
The core PCE price index rose 2.33 percent on a year-on-year basis in June and has undershot its target this year.
|
|
The two key measures of underlying inflation - trimmed mean and weighted median - also undershot the RBA's goal, averaging around 1.4% for the year.
|
|
The core PCE price index rose 20.4 percent on a year-on-year basis in June and has undershot its target this year.
|
|
The core PCE price index rose 0.23 percent on a year-on-year basis in June and has undershot its target this year.
|
|
The core PCE price index rose 21.1 percent on a year-on-year basis in June and has undershot its target this year.
|
|
The two key measures of underlying inflation — trimmed mean and weighted median — also undershot the RBA's goal, averaging around 1.4% for the year.
|
|
Inflation has already undershot that range for more than three years now but Lowe sounded confident on Thursday the target was still achievable.
|
|
But inflation prospects have turned for the worse, raising a credibility issue for a bank that has undershot inflation for three straight years.
|
|
Retail stocks lost ground after department store operator J.Front Retailing dived 12 percent after its profit forecast for this fiscal year undershot market expectations.
|
|
ECB President Mario Draghi has targeted inflation levels of around 2 percent for many years but has undershot this aim for a sustained period.
|
|
While a similar figure for the euro zone as a whole was healthier, it still undershot expectations across the board, hurting the single currency.
|
|
Retail stocks lost ground after department store operator J.Front Retailing dived 9.3 percent after its profit forecast for this fiscal year undershot market expectations.
|
|
Since 2001, Commerce's first of three readings on first-quarter gross domestic product undershot forecasts by up to 50 basis points on seven occasions.
|
|
The Fed's preferred gauge of inflation currently stands at 1.3 percent and has undershot the central bank's 2 percent for 5-1/2 years.
|
|
The reading undershot the consensus forecast in a Reuters poll of economists but remained well above the 50 mark that separates growth from contraction.
|
|
Stripping out the effect of interest rate changes on mortgages, inflation has undershot the central bank's 2 percent target for more than 5 years.
|
|
The U.S. central bank's preferred inflation measure, the personal consumption expenditures price index excluding food and energy, has undershot its target since May 2012.
|
|
The U.S. central bank's preferred inflation measure, the personal consumption expenditures (PCE) price index excluding food and energy, has undershot its target since May 2012.
|
|
The increase in gross profits, which undershot expectations, was almost entirely led by miners with non-mining profits excluding finance ticking up a meager 5.23%.
|
|
That was up from 522.2 billion yen a year earlier, but undershot a median forecast of 584.89 billion yen from 10 analysts polled by Refinitiv.
|
|
Inflation, too, has been puzzlingly low this year: the core consumer-price index, which excludes food and energy, has undershot forecasts for five consecutive months.
|
|
Inflation has undershot the Fed's 2% target this year, rising 1.6% on a year-on-year basis in June after a 1.5% gain in May.
|
|
The central bank's preferred inflation measure, the core personal consumption expenditures (PCE) price index, has consistently undershot its target for almost 22.4-20.3/2 years.
|
|
Still, his efforts are bearing fruit now as inflation has undershot expectations for five straight months, facilitating the first rate-cutting cycle in four years.
|
|
The Fed has undershot its target of 2 percent annual inflation for the last five years, and is likely to do so again this year.
|
|
The results undershot market expectations because many investors had very high expectations after last month's strong auction results and recent rally in global bond markets.
|
|
BoE Governor Mark Carney has had to write public explanations through 2015 and this year for why inflation has undershot the central bank's 2 percent target.
|
|
So far, years of stimulus and record-low rates have failed to work their magic and inflation has undershot the ECB's near 2% target since 2013.
|
|
That undershot a consensus forecast of 52.3 and was the lowest reading since March, though it remained above 20183, the line that separates growth from contraction.
|
|
That undershot a consensus forecast of 52.3 and was the lowest reading since March, though it remained above 50, the line that separates growth from contraction.
|
|
Inflation has undershot the central bank's 2% target this year, rising 1.6% on a year-on-year basis in June after a 383% gain in May.
|
|
Inflation has undershot the ECB's target of at or just below 2 percent for nearly four years despite unprecedented stimulus to revive growth and support prices.
|
|
So far, years of stimulus and record-low rates have failed to work their magic and inflation has undershot the ECB's near 2% target since 23.
|
|
Britain's biggest retailer undershot first-half profit forecasts as weak trading in central Europe and Asia took the shine off accelerating sales in its UK business.
|
|
Core inflation has now undershot the RBA's long-term target band of 2 percent to 3 percent for eight straight quarters, the longest period on record.
|
|
The Australian dollar fell as much as 0.8 percent after both quarterly and annual inflation undershot expectations, rekindling hopes of one more cut in interest rates.
|
|
The economic recovery from the global financial crisis was slow by historical standards due to the fact we undershot the size of fiscal stimulus in 2009.
|
|
Industrial output also undershot expectations, weighed down by pollution curbs and an uncertain trade outlook, adding to expectations that authorities will roll out more policy stimulus.
|
|
That undershot forecasts for a 13 percent gain, though only because investment in the previous quarter was revised sharply higher to show an increase of 1.9 percent.
|
|
The Aussie dollar was as much as 0.8 percent lower after both quarterly and annual inflation undershot expectations, rekindling hopes of one more cut in interest rates.
|
|
While the headline employment gain of 151,000 undershot expectations, details were encouraging including a 0.5 percent jump in average hourly earnings - the biggest gain in a year.
|
|
That undershot forecasts for a 0.9 percent gain, though only because investment in the previous quarter was revised sharply higher to show an increase of 1.9 percent.
|
|
Germany's 10-year yields dipped to 0.44 percent after inflation hit a 3 1/2-year high but, at 1.9 percent on the year, slightly undershot forecasts.
|
|
That undershot analysts' consensus forecast of 28883 and was the lowest reading since March, though it still remained above the 50 mark that separates growth from contraction.
|
|
Gross operating profits undershot forecasts with a rise of just 0.8 percent in the December quarter, and that despite a windfall for miners from high commodity prices.
|
|
The Institute for Fiscal Studies, a think-tank, found that the government of the day undershot its capital-spending target almost every year between 1992 and 2015.
|
|
That undershot by a long stretch the Reuters consensus forecast for a 0.4 percent drop and followed a slightly upwardly revised increase of 1.1 percent in March.
|
|
The central bank undershot its target for inflation yet again, a move that our senior economics correspondent suggests could define the tenure of its chief, Janet Yellen.
|
|
"There are many reasons to suspect that we may have undershot the true values," Harrison G. Pope Jr., one of the authors, said in a telephone interview.
|
|
The core PCE price index rose 1.6% on a year-on-year basis in November, and undershot the Fed's target in the first 21.1 months of 20.1.
|
|
The slowdown would confirm recent data reflecting a tepid macroeconomic performance as 2019 drew to a close, when manufacturing, consumer activity and other sectors undershot market hopes.
|
|
The core PCE price index rose 1.6% on a year-on-year basis in November, and undershot the Fed's target in the first 21.1 months of 20.1.
|
|
The core PCE price index rose 0.23% on a year-on-year basis in November, and undershot the Fed's target in the first 20.2 months of 21.9.
|
|
Industrial output also undershot expectations, weighed down by pollution curbs and the uncertain trade outlook, adding to expectations that authorities will roll out more policy stimulus measures.
|
|
The ECB aims for inflation at just below 2 percent but has undershot its target for years and does not expect to hit its objective until 2019.
|
|
Core inflation has now undershot the RBA's long-term target band of 2 percent to 3 percent for 12 straight quarters, the longest stretch since the series began.
|
|
Both profit and dividends slightly undershot expectations as BHP kept cash in its coffers in the face of risks to global economic growth such as the Sino-U.
|
|
It was a touch above the 50-point mark that separates growth from contraction for a 27th straight month, but undershot the 50.6 forecast in a Reuters poll.
|
|
The Fed's preferred inflation measure, the personal consumption expenditures (PCE) price index excluding food and energy, has undershot the U.S. central bank's 0.83 percent target since May 2012.
|
|
RBA Governor Philip Lowe said the rate cut was designed to support employment growth and lift inflation, which has consistently undershot its 2%-to-3% medium-term target.
|
|
Net new yuan-denominated loans fell to 726.6 billion yuan ($111.80 billion) from 2.51 trillion yuan a month earlier and significantly undershot economists' expectations of 1.2 trillion yuan.
|
|
The reading for May undershot the Reuters forecast for a 2.0 percent rise, with the Economy Ministry saying the proportion of bulk orders was below average for May.
|
|
Borrowing in the 2017/18 financial year, which ends this month, is likely to have undershot a previous projection of 50 billion pounds by around 10 billion pounds.
|
|
The ECB has undershot its inflation target every year since 2013, even as it resorted to an unprecedented cocktail of stimulus measures to boost growth, consumption and ultimately prices.
|
|
It has undershot the Fed's 2 percent target since mid-2012 and its progress could determine the pace at which the U.S. central bank raises interest rates next year.
|
|
Euro zone inflation has undershot the ECB's target of almost 2 percent for five years, even with years of stimulus, raising questions as to whether monetary policy remains effective.
|
|
CNOOC undershot its 21 billion to 26.2906 billion yuan capex guidance for 2017 by a long way, with actual expenditure estimated to have come in at 50 billion yuan.
|
|
The Fed tracks a different index, the personal consumption expenditures price index excluding food and energy, which has consistently undershot the central bank's 22001 percent target since mid-2012.
|
|
The Fed tracks a different index, the personal consumption expenditures price index excluding food and energy, which has consistently undershot the central bank's 20.5 percent target since mid-22009.
|
|
After releasing quarterly results that undershot analyst expectations during their first year on the market, its stock nosedived and it had to go on a roadshow to reassure investors.
|
|
The minutes of the central bank's September 6 monetary policy meeting also showed policymakers believe inflation has undershot the government's target in large part because of lower food prices.
|
|
The Fed tracks the personal consumption expenditures price index excluding food and energy, which has consistently undershot the U.S. central bank's 2 percent target for more than five years.
|
|
The central bank tracks the personal consumption expenditures (PCE) price index excluding food and energy, which has undershot the Fed's 2 percent target for nearly 5-1/2 years.
|
|
The ECB targets inflation at just below 2 percent but has undershot this target since 2013 and its projections suggest it would continue to miss for years to come.
|
|
The government was projecting a primary budget surplus - which excludes debt-servicing costs - of 1.269 billion euros for January, meaning the surplus undershot the target by 771 million euros.
|
|
The rise in the core consumer price index for Japan's capital city, which includes oil products but excludes fresh food prices, undershot the median estimate of a 0.6% increase.
|
|
The ECB targets an inflation rate of just below 2%, but it has undershot this since 2013 and projections suggest it will continue to miss it for years to come.
|
|
In the individual readings, French business activity jumped to its strongest level in six months, but German business activity undershot expectations, prompting a further fall in German government bond yields.
|
|
And that doesn't bode well for inflation, which has undershot the Fed's 2% target, supporting the argument that the Fed should let the economy run a bit hotter for longer.
|
|
New Zealand has been among the fastest-growing developed economies in recent years, but first-quarter growth undershot expectations as construction output fell for the first time in two years.
|
|
Having so far undershot his 2% target, Mr Kuroda defiantly pledged to overshoot it, promising to keep expanding the money supply until inflation rose above 2% for an unspecified time.
|
|
Since adopting its explicit and symmetric 2 percent inflation target in 2012, the Fed has routinely undershot it, almost without exception, citing transitory factors as the cause year-after-year.
|
|
Fed's preferred inflation measure, the personal consumption expenditures (PCE) price index excluding food and energy, has consistently undershot the U.S. central bank's 2 percent target for more than five years.
|
|
Price growth in the bloc has undershot the ECB's near-2% inflation target since 2.543 and is not expected to approach that level any time soon, let alone this month.
|
|
Insurer AXA fell 3.5% as it lowered 2020 profit guidance for its companies-focused XL unit, while medical equipment maker Elekta AB slid after its quarterly operating profit undershot expectations.
|
|
The Fed tracks a different index, the personal consumption expenditures price index excluding food and energy, which has consistently undershot the U.S. central bank's 2 percent target since mid-2012.
|
|
The ISM measure of manufacturing activity undershot forecasts on Monday, coming after a report last week showed the economy grew at its slowest pace in three years in the first quarter.
|
|
The annual rate has dropped by half a percentage point since February and the PCE price index has undershot the U.S. central bank's 2515.7 percent target for the past five years.
|
|
The Fed's preferred inflation measure, the personal consumption expenditures (PCE) price index excluding food and energy, has consistently undershot the U.S. central bank's 2 percent target for more than five years.
|
|
South African budget deficits as a percentage of GDP have confounded economists in the past two years with revenue shortfalls, while economic growth has consistently undershot forecasts in the past decade.
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The ECB has undershot its inflation target of almost 2 percent since 2013, despite unprecedented stimulus in the form of negative interest rates, asset buying and ultra cheap loans to banks.
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The ECB targets inflation at just below 2% but has undershot this since 2013, raising fears that such a persistent miss could permanently lower inflation expectations, making weak price growth self perpetuating.
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The 0.1 percent year-on-year rise in exports undershot a 1.8 percent annual increase expected by economists in a Reuters poll, and was well below a 8.2 percent jump in October.
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It has undershot its inflation target - close to but under 2 percent - for more than four years despite unprecedented stimulus and will not reach its goal before the end of the decade.
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Inflation has undershot the ECB's target of almost 2 percent for over four years but Draghi also hinted at a willingness to look through some of the factors holding down price growth.
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Inflation has consistently undershot the Fed's target and has been cited by the central bank as a risk as it weighs cutting interest rates in July for the first time since 53.
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Fed officials have said they are willing to allow inflation to rise at levels slightly higher than its target for a time, given that inflation failed undershot that level for six years.
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COPENHAGEN, Aug 11 (Reuters) - Danish enzymes maker Novozymes undershot market expectations in the second quarter pressured by cost cuts at detergent makers and a changed sales pattern in its cooperation with Monsanto.
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That undershot forecasts for a 21 percent gain, though largely because investment in the previous quarter was revised higher to show an increase of 21.3238 percent from a fall of 0.2 percent.
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With euro zone inflation slowing despite years of unprecedented stimulus, the ECB unveiled even more support in September, hoping to boost growth and ultimately prices after having undershot its target since 2013.
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The Fed's preferred inflation measure, the personal consumption expenditures (PCE) price index excluding food and energy, has consistently undershot the U.S. central bank's 1.33 percent target for almost 5-1/2 years.
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The video-streaming company undershot its forecast for new subscribers in America during the third quarter, though that was still a rebound from the previous three months, when it lost domestic users.
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The ECB targets inflation at just below 2%, but it has undershot that since 2013, raising fears that such a persistent miss could permanently lower inflation expectations, making weak price growth self-perpetuating.
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Riksbank policy has come under close scrutiny since the financial crisis, and while many central banks have struggled with low inflation, the Riksbank has undershot its target consistently since introducing it in 1995.
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Underlying profit for the 12 months ended June 30 rose to $9.12 billion from $8.93 billion a year earlier, but still undershot expectations of $9.4 billion from a Vuma consensus of 18 analysts.
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Inflation has consistently undershot the Fed's 2% target and has been cited as a risk by the central bank as it weighs cutting interest rates in July for the first time since 53.
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Average selling prices for SK Hynix's memory chips, which are used in smartphones, servers and other devices, fell by a quarter compared to a year earlier, as demand badly undershot the company's expectations.
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Indeed, the ECB has undershot its almost 2 percent inflation objective for nearly five years and will continue to miss at least until the end of the decade, its September staff projections show.
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Euro zone inflation undershot expectations in September, Eurostat data showed last week, highlighting how price growth remains weak and supporting the European Central Bank's case for only gradual removal of its extraordinary stimulus.
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One of them, the Time for a Change model from the Emory University political scientist Alan Abramowitz, undershot Hillary Clinton's share of the vote but predicted, correctly, that Trump would win the election.
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The ECB left policy unchanged on Thursday but said that risks to the growth outlook have receded and also took a more optimistic view on inflation, which has undershot its target since 2013.
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NEW YORK (Reuters) - Longer-dated Treasury yields fell on Friday and the yield curve hit its flattest level in more than 10 years after U.S. consumer spending growth in May undershot analysts' expectations.
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IF INFLATION HEADS THE WRONG WAY The Fed has targeted a 2% inflation rate since 2012, but it consistently undershot that goal as the U.S. economy continued to recover from the last recession.
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He said he worried the Fed was undermining expectations that it would take the necessary steps to raise inflation back up to its 2 percent target, which it has undershot for six years.
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Draghi said the ECB, which has consistently undershot its inflation target of just under 2% since 2013, could still cut rates, adjust its interest rate guidance and had "considerable headroom" for more asset purchases.
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Euro zone business growth undershot expectations this month, bogged down by a deepening contraction in the bloc's manufacturing industry which is increasingly affecting service firms, IHS Markit's Flash Composite Purchasing Managers' Index(PMI) showed.
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He emphasized the need for policy to remain accommodative as the central bank awaits a revival in wage growth and inflation, which has undershot its 2-3 percent target for more than two years.
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PARIS, July 26 (Reuters) - LVMH, the world's biggest luxury group, on Wednesday undershot forecasts with a 23 percent rise in first-half underlying profits where growth was driven worldwide by its Louis Vuitton brand.
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The Fed's preferred measure of inflation currently sits at 1.6 percent and has undershot its 2 percent target rate for six years but various indicators have recently pointed to an uptick in price pressures.
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The RBA has chopped the cash rate twice to 1% since June as it awaits a revival in inflation, which has undershot its 2-3% medium-term target for more than three years now.
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Having undershot its 2% target for so long, the Fed could argue that a bit of overshooting is justified so that it hits its target on average, across the whole of the business cycle.
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Flat year-on-year business investment undershot economists' expectations for a modest 0.5 percent rise, while net trade contributed nothing to quarterly growth and acted as a 0.5 percent drag on Britain's annual performance.
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BRUSSELS/FRANKFURT (Reuters) - Euro zone inflation undershot expectations in September, Eurostat data showed on Friday, highlighting that price growth remained week and supporting the European Central Bank's case for only gradual removal of stimulus.
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The $5 million net profit for the July-to-September quarter compared with a loss of $113 million for the same period in 2015, but undershot market forecasts for a profit of $39 million.
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Consumer price inflation for the December quarter undershot all expectations at just 1.6 percent when the RBNZ had hoped it would be nearer 2 percent, the middle of its 1-3 percent target band.
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For instance, the underemployment rate is still high, wage gains have only recently started to occur and core inflation has undershot the Fed's 2 percent target nearly every month for the past eight years.
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Producer prices are an early indication of trends in consumer inflation, which the European Central Bank wants to keep below, but close to 2 percent over the medium term but has undershot since 2013.
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The core personal consumption expenditures price index (PCE), which excludes food and energy and is the Fed's preferred inflation measure, has undershot the central bank's 230 percent target for nearly 290-266/2 years.
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Thursday's snapshot, however, is not reassuring for a central bank that estimates unemployment needs to fall to 4.5% before wages begin to increase, and to rev up inflation that has consistently undershot official targets.
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A batch of October data including industrial output, investment and retail sales also undershot expectations, as Beijing's crackdown on financial risks raised borrowing costs, while the tighter pollution rules have shut many factories and mines.
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The government was projecting a primary budget surplus - which excludes debt-servicing costs - of 929 million euros for the first two months of the year, meaning the surplus undershot the target by 106 million euros.
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Producer prices are an early indication of trends in consumer inflation, which the European Central Bank wants to keep below, but close to 2 percent over the medium term but has undershot that since 2013.
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While French business activity jumped to its strongest level in six months, German business activity undershot expectations, prompting a further though brief fall in German government bond yields, IHS Market's latest Purchasing Managers' Index (PMI) showed.
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While French business activity jumped to its strongest level in six months, German business activity undershot expectations, prompting a further fall in German bond yields just as renewed Brexit uncertainty boosts demand for bond safe havens.
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Yellen attributes that undershot to "a few unusual reductions in certain categories of prices," like wireless service plans and prescription drugs, and added it is "not a subject of discussion" to change the current inflation rate.
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Inflation has undershot the ECB's target of almost 2 percent for more than four years but Draghi has hinted at a willingness to look through some of the factors holding down price growth, mainly energy prices.
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Euro zone inflation has undershot the ECB's target of almost 2 percent for seven years and some academics argue that perhaps the nature of inflation has changed, making super-low consumer price growth the new norm.
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The European Central Bank (ECB) has a target for inflation within the euro zone coming in at just below 2%, but inflation data has consistently undershot that target since 2013, highlighting the region's sluggish economic performance.
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The ECB has undershot its medium term inflation target - currently set at close to but below 2 percent - for over five years and its projections show only a very gradual rise even after years of stimulus.
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Finance Minister Michel Sapin had already had to admit last month that the government would not meet its growth target for this year, also set at 1.5 percent, after third-quarter gross domestic product data undershot expectations.
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Inflation has undershot the ECB's target for five years and will continue to miss it at least through the end of the decade, a risk to the ECB's credibility as price stability is the bank's singular objective.
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RATE CUTS, QE Draghi said the ECB, which has consistently undershot its inflation target of just under 2% since 2013, could still cut rates, adjust its interest rate guidance and had "considerable headroom" for more asset purchases.
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The bank brought its last easing cycle to an end in May and has held the interest rate pat since then, although the market expects a further cut this year after inflation undershot the bank's target range.
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Euro zone inflation has undershot the ECB's target for the past six years — most of Draghi's eight-year term — and he said the outlook looked bleak as a global trade war hit Europe's export-focused manufacturing sector.
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Shipping giant Moller-Maersk reported revenues that undershot expectations and said that its 2016 underlying results will be significantly below last year's, sending shares as much as 9 percent down, before paring to close 3.5 percent down.
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This meant that although operating profit, excluding revaluation of process inventory, grew to 2.33 billion Swedish crowns ($2.93 million) from 2.20 billion a year ago, it undershot the 2.44 billion expected by analysts in a Reuters poll.
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After all, inflation has consistently undershot the Fed's 2 percent inflation target for the last five years, and the prospect of tax reform, even if modest in scope, could help lift the economy's underlying potential growth rate.
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In its initial projections for 2019, the ECB put inflation at 1.7 percent, still below the target it has undershot for more than three years despite unprecedented stimulus aimed at reviving economic growth and boosting consumer prices.
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ZURICH, Feb 17 (Reuters) - Switzerland posted a 13 regular federal budget surplus of 2.34 billion Swiss francs ($2.36 billion), better than the expected 0.4 billion, as negative interest rates prompted speedier tax payments and spending undershot projections.
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Indeed, inflation, holding near zero, has undershot the ECB's 2 percent target for more than 3 years and will miss it for at least another 2, a risk to the bank's credibility and the viability of inflation targeting.
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Inflation has undershot the ECB's target for more than three years and is expected to stay below target for years to come as growth remains weak, unemployment hovers near 10 percent and the economy struggles with large slack.
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The surprise fall in the core orders, a highly volatile data series regarded as an indicator of capital spending in the coming six to nine months, undershot the 1.7 percent increase expected by economists in a Reuters poll.
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LONDON/VIENNA (Reuters) - The Organization of the Petroleum Exporting Countries agreed in principle on Friday to raise output enough to match a production target it introduced at the beginning of 2017, but which it has undershot ever since.
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The Fed aims to keep inflation at an annual pace of about 2 percent, but it has undershot that goal consistently since the financial crisis, and the Fed says it expects to miss the target again this year.
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The rand was 93.203 percent stronger at 40.20 per dollar at 2874 GMT, adding to its early session gains to cross the 261 resistance level after retail figures in the United States undershot expectations, sending the greenback weaker.
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But Kaplan also expressed confidence that inflation, which has undershot the Fed's 2.0-percent target for years, will return to that level over the medium term as the downward pressure from a strong U.S. dollar and cheap oil abates.
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NEW YORK (Reuters) - Brazil's central bank is focused on keeping inflation under control, not targeting growth, even though the economic recovery has undershot expectations and risks remain to the downside, central bank chief Roberto Campos Neto said on Wednesday.
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Inflation has undershot the ECB's target for nearly three years and even radical policy steps including 1.5 trillion euros of asset purchases will take years at best to push price growth back toward 2 percent, threatening the bank's credibility.
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This undershot the consensus forecast of analysts who had expected a drop to 40.6 in a Reuters poll - although their forecasts ranged all the way from 47.0 down to 31.0, reflecting huge uncertainty over the impact of the pandemic.
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Plunging confidence and market turmoil will dent investments and growth in Britain and the euro zone, weighing on inflation, even as the ECB is bending over backwards to boost consumer prices after it undershot its target for more than three years.
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The ECB aims for inflation of close to 2 percent but has undershot the target for years, a risk to its credibility, particularly since it is on track to miss at least through 2018, according to its own staff projections.
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A threatened global slowdown will make it even harder for the Riksbank to push up prices, which have undershot the central bank's 2 percent target for more than 5 years, despite record low interest rates and a massive bond-buying program.
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This was the seventh straight quarter that core inflation has undershot the Reserve Bank of Australia's (RBA) long-term target band of 2 to 3 percent, reinforcing the case for keeping interest rates at current record lows of 1.5 percent.
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The real edged up even as data showed consumer price inflation fell to its lowest in more than a year in September and undershot the central bank's target, adding to the case for another rate cut from the central bank.
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Growth in the country's A$2008 trillion economy ($1.3 trillion) slowed to a decade-low last quarter, inflation has undershot the RBA's 2-3% target for almost 3-1/2 years and consumer spending has been sluggish in recent months.
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Growth in the country's A$1.9 trillion economy ($1.3 trillion) slowed to a decade-low last quarter, inflation has undershot the RBA's 13-3% target for almost 3-1/2 years and consumer spending has been sluggish in recent months.
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The ECB targets inflation at just below 2 percent but has undershot for half a decade, even as it cut interest rates deep into negative territory, gave banks ultra cheap cash, and bought trillions of euros worth of debt to stimulate growth.
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The ECB has undershot its 2-percent inflation target for three straight years and is unlikely to return to it to for years to come given low oil prices, lackluster economic growth, weak lending and only modest wage rises in the euro zone.
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The July reading undershot a Reuters forecast for 1.3% and marked the third month in a row that the inflation figure remained well below the European Central Bank's target level of close to but below 2% for the euro zone as a whole.
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George has voted to keep rates unchanged on both occasions along with Boston Fed President Eric Rosengren and has also pushed back on the idea that interest rate cuts may be desirable to boost inflation, which has repeatedly undershot the Fed's 2% target.
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The ECB last week gave the euro zone a fresh boost with cheap funding for banks and ECB President Mario Draghi said the bank was ready to consider a wider range of measures to prop up inflation, which has undershot the ECB's target since 2013.
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Adidas forecast another year of sales and profit growth for 210.5, albeit at a slower pace than in 20173, as the German sportswear firm reported fourth-quarter sales that undershot analyst forecasts and a net loss due to a one-off U.S. tax hit.
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Consumer prices fell by 0.2 percent compared to a year earlier, moving down from an unchanged reading March, even after the ECB unveiled fresh stimulus in December and March in hopes of boosting inflation, which has undershot its 2 percent target for more than three years already.
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In a speech last week, for instance, Fed Governor Lael Brainard didn't mention the virus but did make some strong statements regarding how committed the central bank should be to hitting its 2% inflation target, which it has undershot for most of the post-recession period.
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The company, which supplies base and precious metals from its own mines and smelters in Sweden, Finland, Norway and Ireland, has in recent years undershot its long-term guidance of annual capital spending of slightly above 6 billion crowns, but it reiterated the target for 2018 on Friday.
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The ECB targets inflation at just under 2 percent but has undershot that target for three straight years and is unlikely to return to it to for years to come given low oil prices, lackluster economic growth, weak lending and only modest wage rises in the euro zone.
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The ECB has undershot its target for the past five years and inflation is not set to hit the bank's objective of almost 2 percent before the end of the decade, suggesting that monetary policy may have lost some of its potency even as the bank used unprecedented firepower to stimulate the economy.
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The machinery orders come a day after gross domestic product data for October-December showed capital expenditure had risen for five consecutive quarters, although the last quarter's modest 0.7 percent undershot the median estimate for a 1.1 percent rise and now suggest this run of gains may not continue at the same pace.
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He told the Associated Press he would favour a third increase in Fed interest rates this year if the economy developed as he expected.. Sterling hit a five-week low of $1.2867, falling below $1.29 for the first time since July 13, after UK inflation undershot expectations, making a rise in Bank of England interest rates less likely.
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While the firm acknowledged activity levels undershot its prediction made in last year's version of this outlook report, it was at pains to emphasize it does not regard the slowdown as structural in nature, claiming the so-called "Brexit effect " – characterized by uncertainty and hesitation – was evident from the moment the June 23 referendum date was announced in February 2016.
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A simple way to measure this is expected goals (xG), a statistic that estimates the probability of a chance being converted given its position, the quality of the assist and the location of defenders (the data for which is provided by Opta.) Last year the Foxes' goal difference was 503 better than xG would predict, while Chelsea undershot by four (see chart).
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