U.S. | Financial Stability Report: The Good, the bad and the ugly

Summary

It is hard to imagine that Hollywood could have produced a more dramatic script. There have been more than 1.8M confirmed Covid-19 cases in the United States and 6.4M worldwide. Tragically, there have been almost 400K Covid-related deaths.

Key points

• Key points:
• Massive levels of unemployment, festering uncertainty and persistent epidemiological risks will continue to influence financial stability in the U.S.
• The commitment by the Fed to do whatever it takes seems to have assuaged market fears and improved market functioning

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