Global central banks and regulators are increasingly focused on the risks climate change poses to the global financial system.
The Bank of England’s recent climate risk stress test is the latest effort. In this webinar, we discuss the BOE’s climate risk scenarios, our methodologies for expanding them to a wide range of economic, financial, and demographic variables across the world, and the implications for future efforts by central banks to gauge climate risks.
Join Mark Zandi, Chief Economist; Marisa DiNatale, Senior Director; and Chris Lafakis, Director, as they discuss climate change scenarios and their implications on central banks.
At first glance, it is understandable that some are worried about the health of the U.S. consumer.
The Federal Reserve is not going to abandon its plan to aggressively remove monetary policy accommodation even if inflation has peaked.
Global supply chains have been badly scrambled since just after the COVID-19 pandemic struck more than two years ago.
Fannie Mae and Freddie Mac were created by Congress to provide a liquid secondary mortgage market to broaden access to homeownership.
The U.S. economy is flying through the different phases of the business cycle; we recently moved the economy from the recovery to expansion phase of the business cycle.
As widely expected, the Fed made its opening bid to curb inflation by raising the target range for the fed funds rate by 25 basis points and signaling that ongoing rate hikes are likely appropriate.
The U.S. and global economies have recovered surprisingly quickly from the debilitating COVID-19 pandemic.
The minutes from the December meeting of the Federal Open Market Committee showed the central bank believed the time to begin removing policy accommodation was near and that policymakers favor interest rates over balance-sheet reduction as the primary tool.
Omicron is substantially more contagious than previous variants of the virus that causes COVID-19, and even if it is much less virulent, it is already doing significant economic damage.