Retiredtoflorida@lemmy.world to A Boring Dystopia@lemmy.world · 20 days agoThe fed's 2026 stress test is for a 58% equity crash in 2026, and a 10 percent unemployment rate in the third quarter of 2027www.federalreserve.govexternal-linkmessage-square10linkfedilinkarrow-up178arrow-down10file-text
arrow-up178arrow-down1external-linkThe fed's 2026 stress test is for a 58% equity crash in 2026, and a 10 percent unemployment rate in the third quarter of 2027www.federalreserve.govRetiredtoflorida@lemmy.world to A Boring Dystopia@lemmy.world · 20 days agomessage-square10linkfedilinkfile-text
https://www.federalreserve.gov/publications/2026-stress-test-scenarios.htm#%3A~%3Atext=Equity+prices+fall+about+58%2Clevel+of+5.7+percentage+points This is why banks are tightening credit. https://www.cnbc.com/2026/05/02/us-iran-war-credit-score-loans-mortgage-rates.html
minus-squaregreyscaleAlinkfedilinkEnglisharrow-up5·20 days agoI entered the work market in 2008 and it wasn’t this rough back then.
I entered the work market in 2008 and it wasn’t this rough back then.