Following last week’s release of the Federal Reserve’s Comprehensive Capital Analysis and Review (CCAR) scenarios for 2021, join Mark Zandi and the Moody’s Analytics team as they discuss the CCAR scenarios.
The group will also consider the stress test scenarios recently released by Prudential Regulatory Authority in the U.K. and European Bank Authority in the European Union.
Our experts will answer key questions, including:
• How severe are the stress test scenarios?
• Are the scenarios internally consistent?
• What are possible narratives driving the scenarios?
• How do this year’s scenarios compare with last year’s?
• How do the Fed, PRA, and EBA scenarios compare with each other?
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.
The Delta variant of the virus hit us hard this fall, costing more lives and doing more economic damage, this time by igniting long-dormant inflation.
Macroeconomic Consequences of the Infrastructure Investment and Jobs Act & Build Back Better Framework
In this white paper, we assess the macroeconomic impact of both the bipartisan infrastructure deal legislation and the reconciliation package of social spending and tax changes.
The nation faces a dramatic housing shortage, sending home prices and rents through the roof all over the country.
But the law of demand is delaying the supply-side response to higher prices.
Congress just punted the decision on the nation's debt limit until the end of this year, and financial markets are relieved.
During the COVID-19 pandemic, the nation's longstanding racial inequities have been laid bare. The health and finances of families of color have been disproportionately hurt and racially charged civil strife has wracked much of the nation.
There are the massive legislative efforts to increase spending on infrastructure and fiscal support for a range of social programs and climate change
The rapid aging of the U.S. population is putting a serious strain on the people, institutions and businesses that provide much-needed assistance to the elderly and disabled.