The COVID-19 virus continues to spread and the economic damage is mounting. Recorded May 2020.
With the rapid deterioration in the global economy as a result of the COVID-19 pandemic, Moody's Analytics team present an update to our economic outlook for US & Canada
Rising global temperatures caused by increasing greenhouse gas pollution pose substantial risks to the global economy.
The U.S. consumer price index cements another 75-basis point rate hike at the upcoming meeting of the Federal Open Market Committee.
OPEC+ announced a significant cut to its collective output limit, just as the U.S. economy is vulnerable and financial market conditions have tightened.
Hurricane Ian, the second major hurricane of the 2022 season and the first of the year to hit the continental U.S., made landfall Wednesday.
If there was any doubt that the Federal Reserve was serious about taming inflation, it should be gone after the September meeting of the Federal Open Market Committee as it hiked the target range for the fed funds rate by 75 basis points and signaled a noticeably higher terminal rate than previously thought.
Treasury has been using its available cash to pay its bills, but by mid- to late October those funds will be exhausted. Someone would not get paid in a timely way.
The August U.S. consumer price index changes the calculus for the Federal Reserve, which is now likely to hike the target range for the fed funds rate by 75 basis points next week.
The strength of the U.S. labor market gives the Federal Reserve cover to continue hiking interest rates aggressively.
As a core monetary policy transmission mechanism, banks pass on policy rate hikes to lending and deposit rates, although the strength of this response varies by asset class and maturity.
U.S. consumers finally got a little relief on the inflation front in July because of a significant decline in gasoline prices, but the Federal Reserve isn't going to celebrate as one month isn't a trend.