Business
Fed’s worst case test scenario includes a 55pc drop in equities – The Australian Financial Review
The US central bank has detailed a range of hypothetical events it will use in assessing the strength of the US banking sector in this year’s stress tests.
The Fed made clear its not expecting the economy or the markets to plunge. The scenarios are not forecasts and the severely adverse scenario is significantly more severe than most current baseline projections for the path of the US economy under the stress testing period.
The tests are designed to assess the strength of large banks during hypothetical recessions, which is especially appropriate in a period of uncertainty. Each scenario includes 28 variables covering domestic and international economic…
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