COVID-19: Global Recession
COVID-19 has created a global economic tsunami that is now hitting the United States and Europe with full force.
COVID-19 has created a global economic tsunami that is now hitting the United States and Europe with full force. Travel, tourism, and international trade have been severely disrupted, and businesses across many industries are shutting down. Central banks are responding by slashing interest rates and providing liquidity to their financial systems, and governments are ramping up spending and cutting taxes. But it is too late, a global recession has begun.
Related Articles
Weekly Market Outlook: A Win for the Doves
Federal Reserve Chair Jerome Powell last week emphasized the degree of uncertainty surrounding the outlook for monetary policy, while reasserting the central bank's commitment to not ease up on the brakes until its 2% inflation target is in sight.
Climate Change: Impact on the Auto Industry Credit Risk Depends on a Climate Scenario
Climate Change: Impact on the Auto Industry Credit Risk Depends on a Climate Scenario
Weekly Market Outlook: Labor Market Loosens—Unevenly
Job openings are now at their lowest since April 2021, when COVID-19 vaccines were becoming widely available.
Weekly Market Outlook: Retail Sales Still Chasing Inflation
U.S. retail sales continue to grow at a modest pace that is barely keeping up with inflation.
Weekly Market Outlook: U.S. Core Inflation Fever Breaks in June
The U.S. disinflationary forces gathered steam in June.
Weekly Market Outlook: Fed Presses Pause…or Skip?
The Federal Open Market Committee opted to pause in June, as anticipated.
Weekly Market Outlook: Fed Minutes Reinforce Softened Stance
The Federal Open Market Committee softened its tone in May's post-meeting statement, a sentiment reinforced within the FOMC meeting minutes.
Debt Limit Scenario Update
The Treasury debt limit drama is fast approaching its finale. Congress and the Biden administration have no more than a month before the Treasury runs out of enough cash to pay all of the government's bills on time. Here, we update our analysis of two alternative scenarios that bookend the economic impact if lawmakers do not act in time and there is a breach of the limit.
Weekly Market Outlook: Have We Peaked?
The 0.25-percentage point rate hike at May's Federal Open Market Committee meeting brings the target range of the fed funds rate to 5% to 5.25%.
The Debt Limit Drama Heats Up
The political drama over the Treasury debt limit is suddenly heating up.
