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.
For consecutive meetings, the Federal Open Market Committee kept its primary policy rate unchanged.
September's consumer price index, as Moody's Analytics expected, showed a 0.4% monthly increase that held the annual inflation rate at 3.7%.
The 10-year U.S. Treasury yield has been on a steady climb upward since May but has accelerated to start the fourth quarter, reaching its highest level since 2007.
Federal Reserve Chair Jerome Powell last week emphasized the degree of uncertainty surrounding the outlook for monetary policy, while reasserting the central bank's commitment to not ease up on the brakes until its 2% inflation target is in sight.
Job openings are now at their lowest since April 2021, when COVID-19 vaccines were becoming widely available.
U.S. retail sales continue to grow at a modest pace that is barely keeping up with inflation.
The Federal Open Market Committee opted to pause in June, as anticipated.
The Federal Open Market Committee softened its tone in May's post-meeting statement, a sentiment reinforced within the FOMC meeting minutes.
The Treasury debt limit drama is fast approaching its finale. Congress and the Biden administration have no more than a month before the Treasury runs out of enough cash to pay all of the government's bills on time. Here, we update our analysis of two alternative scenarios that bookend the economic impact if lawmakers do not act in time and there is a breach of the limit.