The Federal Reserve issued this press statement:
The scenarios previously released contained incorrect historical values for the BBB corporate yield in 2016. As a result of the correction, BBB corporate yields peak at slightly lower levels in the severely adverse and adverse scenarios. The correction also lowered yields in the baseline scenario, but the revision is more modest than for the other scenarios.
The Federal Reserve’s revision to the BBB corporate yield is a material change. As such, Moody's Analytics will re-simulate all our models. The updated time line for our Comprehensive Capital Analysis and Review 2017 databases is as follows (all times ET):
- February 13 11 a.m. - U.S. quarterly (USFOR) - [Reposted 2:45 p.m. February 12]
- February 13 COB - U.S. monthly (USFORM) - [Reposted 2:45 p.m. February 12]
- February 13 COB - U.S. eModel simulations - [Reposted 8:25 p.m. February 12]
- February 15 10 a.m. - Country (WDFOR)
- February 15 10 a.m. - State (STFOR), metro area (MSFOR)
- February 15 COB - State and metro area FHFA
- February 16 COB - Case-Shiller house prices
- February 17 COB - CreditForecast version 4.0
- February 17 COB - Global subnational (GSFOR)
- February 17 COB - Global financial (WDFIN)
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