After a soft end to 2020 and a difficult start in 2021, the global economic recovery is projected to gain momentum in the coming year supported by the coronavirus vaccine rollout.
After a soft end to 2020 and a difficult start in 2021, the global economic recovery is projected to gain momentum in the coming year supported by the coronavirus vaccine rollout. The Asia-Pacific (APAC) region outperformed the other regions in 2020, though recent coronavirus outbreaks in a number of cities in Asia will drag on the pace of recovery in the opening months of the year.
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.
Financial markets are interpreting the minutes from the April Federal Open Market Committee meeting as being hawkish, as Treasury yields jumped following the release of the minutes.