More than a decade after the financial crisis that was caused in significant part by debt-burdened households, there is no indication that household debt will be at the center of the next economic recession.
The effects of climate change will intensify throughout the century, resulting in profound changes in climate patterns across the globe.
We examine the physical risk and quantify the economic costs of climate change using the Moody's Analytics Global Macroeconomic Model.
Both the corporate bond and equity markets responded positively to the latest drop by Treasury bond yields and the likelihood of at least two reductions of the federal funds rate during the remainder of 2019.
President Trump has escalated the trade war with China, and nearly everyone has been wrong-footed by the move.
According to the Federal Reserve's “Financial Stability Report” of May 2019, not only has the outstanding debt of nonfinancial businesses outpaced nominal GDP during the past 10 years (or since 2008), but the growth of debt has been skewed toward riskier firms.