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?
At first glance, it is understandable that some are worried about the health of the U.S. consumer.
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.
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.
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.