In this webinar, Dr. Mark Zandi, Chief Economist and Dr. Dimitrios Papanastasiou, Director, Stress Testing Specialist, discuss the results of the latest stress tests.
The Federal Reserve on Wednesday didn't alter its description of U.S. inflation. Policymakers still view the acceleration as transitory, but there was a big shift in the so-called “dot plot” that tracks interest-rate projections by the members of the central bank's Federal Open Market Committee.
It is a relief to see policymakers finally focus in earnest on the nation's crumbling infrastructure. But it is unnerving to see so little attention given to what may be the most critical infrastructure need of all: the nation's dire shortage of affordable housing.
Financial markets are interpreting the minutes from the April Federal Open Market Committee meeting as being hawkish, as Treasury yields jumped following the release of the minutes.
There is a lot to like in the President's Build Back Better plan.
The U.S. economy is booming and near-term prospects have rarely been as strong.
We assess the macroeconomic consequences of the AFP in this white paper, and find that while its near-term impacts are small, it provides meaningful longer-term economic benefits by increasing labor force participation and the educational attainment of the population.
High-yield corporate bond issuance had a strong start to the year, due to growing expectations for the U.S. economy to take off coupled with tight credit spreads and less perceived credit risk.
Low-income and minority households are struggling to make their rent and mortgage payments, suffering through increasingly long commutes, and unable to take better jobs because they cannot afford housing near the available work. The American Housing and Economic Mobility Act would help to address these problems.
There are many potential political impediments to passage of the American Jobs Plan, but we expect that an infrastructure plan similar in spirit and size to what the president has proposed will become law later this year.
The secular decline by Treasury bond yields since 1982 has been accompanied by a secular climb in the ratio of private and public nonfinancial-sector debt to GDP.