On November 7, 2014, the Federal Reserve issued revised macroeconomic scenarios for the 2014 capital planning and stress testing program to correct a minor computational error for the projections of the five-year Treasury yield in the baseline and adverse scenarios. The severely adverse scenario was unchanged (citation).
Moody's Analytics has incorporated the FRB's data revisions in our macroeconomic model and published the revised forecasts on Data Buffet. The U.S. Macro "Fed CCAR 2014: Baseline Scenario" (F?_FEDB.US) and "Fed CCAR 2014: Adverse Scenario" (F?_FEDM.US) were the two scenarios affected. The revisions did not warrant changes to any downstream CCAR 2014 scenarios. State, metro, HPI and global CCAR scenarios were not impacted and will not be updated due to the revised FRB data.
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