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?
As the pandemic recedes, so too will inflation.
Federal lawmakers are feverishly working on another massive fiscal plan, including a nearly $600 billion bipartisan infrastructure deal and a $3.5 trillion package of spending and tax breaks to support a range of social investments that the Biden administration and congressional Democrats hope to pass into law via the budget reconciliation process.
In this white paper, we assess the macroeconomic impact of both the bipartisan infrastructure deal and the reconciliation package.
The U.S. consumer price index jumped in June, but the market shook it off.
Technical factors are pulling the U.S. 10-year Treasury yield lower recently.
Stress lines are beginning to appear, and the housing market is set to cool off.
Throughout the pandemic, corporate credit markets have remained surprisingly calm despite significant and risky debt exposures.
The single-family market is hot, with house prices surging in much of the country. Is the market a bubble?
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.