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☆ The economy is resilient and fine but feels soft: Moody's Mark Zandi
▼ + stars: | 2024-03-06 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailThe economy is resilient and fine but feels soft: Moody's Mark ZandiPeter Boockvar, Bleakley Financial Group CIO, Mark Zandi, Moody's Analytics chief economist, and CNBC's Steve Liesman join 'The Exchange' to discuss their take from Fed Chair Jerome Powell's testimony, whether the Fed is in the mood to cut interest rates soon, and more.

Persons: Mark Zandi Peter Boockvar, Mark Zandi, Steve Liesman, Jerome Powell's Organizations: Bleakley Financial

☆ Immigration is 'taking pressure off' the job market and U.S. economy, expert says
▼ + stars: | 2024-03-02 | by ( Greg Iacurci | ) www.cnbc.com time to read: +10 min

Mark Zandi, chief economist at Moody's Analytics, said the increase in foreign-born workers is "taking pressure off the economy." The growth in foreign-born workers comes amid a contentious immigration policy debate in the U.S. Immigrants' share of the labor force has increased since 1996, when the Bureau of Labor Statistics began collecting such data. A growing population and labor force are key components of a healthy economy and the nation's ability to pay its bills, economists said. In other words, the economy is both absorbing immigrants and generating job opportunities for U.S.-born workers, the institute said.

Persons: Mark Zandi, it's, Alejandro Mayorkas, John Moore, Muzaffar Chishti, Jack Malde, Qian Weizhong, Steven Camarota, Camarota, Paul Ratje, Eric Thayer, Malde, EPI, Zandi, There's, Luis Alvarez Organizations: U.S . Bureau of Labor Statistics, Moody's, Republicans, U.S, Department of Homeland, U.S . Border Patrol, U.S . Department of Homeland, Getty, Migration Policy Institute, CNBC, Foreign, U.S . Immigrants, Bureau of Labor Statistics, Pew Research Center, Social Security, Congressional, Office, Center, Immigration, . Border Patrol, Getty Images, Federal Reserve Bank of San, Center for Immigration Studies, Afp, Bloomberg, Economic Policy Institute, National Academies of Sciences, Engineering, Medicine, Digitalvision Locations: U.S, Mexico, Eagle Pass , Texas, San Diego , California, Federal Reserve Bank of San Francisco, Paso, Ciudad Juarez , Mexico, Los Angeles

☆ The American Dream is under siege
▼ + stars: | 2024-03-02 | by ( Matt Egan | ) edition.cnn.com time to read: +15 min

Parents of young children are making difficult choices to afford child care — or they’re opting to evade it by dropping out of the workforce altogether. Even as the inflation rate has cooled across the US economy, child care remains a sore spot for many families. The weekly price of day care for a toddler surged 9% in 2023, according to Care.com, a marketplace for child care. Of course, Allison is hardly alone in feeling like the American Dream has been more difficult — and expensive — to attain than imagined. “The American dream is being taken away from the younger generation by the housing affordability challenges,” said Lawrence Yun, chief economist at the National Association of Realtors.

Persons: Hana Husković, Price, Hana, Michelle, they'll, ” Hana, “, It’s, they’ll, ’ Allison Powell, Liam Kelly, ” Allison, Allison Powell, Corinne ., ”, Allison, I’ll, homebuyers, Lotfi Karoui, Goldman Sachs, Lawrence Yun, Yun, Priscilla Almodovar, Fannie Mae, ” Almodovar, that’s, Almodovar, they’d, Homebuilding, Mark Zandi, Biden, ” Lael Brainard, Brainard, ” Brainard, ‘, Rachael Gambino, Garrett Mazzeo, Rachael, Deborah Brunswick, John General, ” Rachael, won’t, they’ve, – Organizations: New, New York CNN, Bureau of Labor Statistics, Wall, CNN, Federal, Intercontinental Exchange, ICE, Bloomberg, Getty, Rust Belt, National Association of Realtors, North, NAR, That’s, Baby Boomers, Homeowners, Federal Reserve, Moody’s Analytics, White, National Economic Council, American, Target, Starbucks, Facebook Locations: New York, United States, Atlanta, Peachtree Corners , Georgia, Decatur, Decatur , Georgia, Carolina, Yugoslavia, Italy, Mexico, Oakland , California, Livermore, San Francisco, California, Los Angeles, San Diego, Francisco, Miami, Honolulu, Rust, Des Moines , Iowa, Dayton , Ohio, Cleveland , Ohio, Scranton , Pennsylvania, Los Angeles , California, North America, America, States, Lansdale , Pennsylvania, Philadelphia

☆ A little-noticed inflation report in the past could get a lot of market attention on Thursday
▼ + stars: | 2024-02-28 | by ( Jeff Cox | ) www.cnbc.com time to read: +7 min

With markets on edge over the direction of inflation, a report Thursday that often flies under the economic radar is likely to take on more importance. The Commerce Department's measure of personal consumption expenditures prices could add to evidence that inflation is stickier than some economists and policymakers had thought. Two-year inflation breakevens, or the difference between Treasury yields and Treasury Inflation-Protected Securities, have surged in recent days. "But I think the labor market is a lot more fragile than people think. A report Wednesday confirmed that economic growth was solid to close out 2023, with fourth-quarter GDP accelerating at a 3.2% annualized pace adjusted for seasonal factors and inflation.

Persons: Mark Zandi, Zandi, shouldn't, we're, it's, —, Susan Collins, Collins, Dow Jones, Dow, Michelle Cluver, Cluver, I've Organizations: Moody's, Boston, Securities, Treasury, Fed, Labor, CPI, Dow Jones, optimist Locations: U.S

☆ Opinion: Alexey Navalny, one man who stood up to a dictatorship
▼ + stars: | 2024-02-18 | by ( Richard Galant | ) edition.cnn.com time to read: +18 min

We’re looking back at the strongest, smartest opinion takes of the week from CNN and other outlets. “In his courageous and too short life,” wrote Russia scholar Daniel Treisman, “Navalny became a symbol of hope for the younger generations of his compatriots. “He never gave up on the prospect of what he called ‘the beautiful Russia of the future,’” Treisman noted. “For a ‘beautiful Russia of the future’ to emerge in coming years, Putin must lose the war he started. Navalny understood this.”“Navalny’s death represents the extinguishing of all hope for Russia’s turnaround,” wrote Sasha Vasilyuk.

Persons: Aleksandr Solzhenitsyn, Joseph Stalin “, “, ”, you’ve, Alexey Navalny, Vladimir Putin’s, Navalny, fearlessly, Putin, Daniel Treisman, “ Navalny, Navalny’s, ’ ” Treisman, Sasha Vasilyuk, Alexey Navalny’s, Peter Bergen, Andrei Sakharov, ” Putin, Bergen, Nick Anderson, Joe Biden, Donald Trump, Trump, authoritarians, Bill Bramhall, James Mattis, ” Peter Bergen, Frida Ghitis, Fidel Castro’s playbook, Patrick Mahomes, Andy “, Amy Bass, New York Democrat Tom Suozzi, George Santos, ” Suozzi, CNN Suozzi didn’t, Biden, isn’t, Long, Max Burns, ” “, Alejandro Mayorkas, ” “ Suozzi, Burns, Robert Hur’s, Norm Eisen, Richard Painter, Joshua Kolb, Hur, ” Joel Pett, Lawrence C, Levy, Julian Zelizer, Dean Obeidallah, Mark Dent, Dent, Saw, Clay Jones, David Orentlicher, ” Orentlicher, Will Cooper, Fani, Willis, Nathan, Wade, ” “ Willis, Antony Blinken, Batniji, Blinken, Fatah, Hussein, Don’t, David Horsey, Agency Jill Filipovic, Lynda Gorov, Taylor Swift, Jim Parrott, Mark Zandi, Brigid Schulte, Yuliya, Kara Alaimo, Frankie de la, Jackie Robinson’s, Jon Stewart’s, Jon Stewart, Matt Wilson, Jon Stewart skewered Trump, Bill Carter, Stewart, ” “ Stewart Organizations: CNN, IK, Moscow Times, Kremlin, Twitter, Facebook, Soviet, Tribune, Agency, Republican, Senate, Agency Former US Defense, Trump, , Kansas City Chiefs, Chiefs, nab, New, New York Democrat, Democratic, GOP, Joel Osteen’s Lakewood Church, Super Bowl, Kansas, West Bank Locations: Soviet, Germany, Ukraine, Russia, New York, Washington, Georgia, ,, York, Glen Cove, Joel Osteen’s, Houston, Kansas City, America, ”, Kansas, Gaza, San Francisco, Israel, Iran

☆ A US productivity boom may explain how inflation slowed amid a strong economy
▼ + stars: | 2024-02-17 | by ( Bryan Mena | ) edition.cnn.com time to read: +5 min

If productivity is strong, that means the US economy is doing more with less, or being more productive. Productivity is measured by dividing all the goods and services produced in the economy by every hour people worked. “But the economy did well, so that translated into higher productivity, supporting higher wage growth and fending off inflation from accelerating.”Last year’s productivity boom could also be a combination of all of the above. Still, it may be too soon to know if last year’s productivity burst was truly a transformative shift in the US economy. “Sometimes at the very end of an economic cycle, productivity can be boosted by cost-saving measures,” Goodwin of New York Life Investments said.

Persons: ” Lauren Goodwin, Mark Zandi, John Min, Austan Goolsbee, It’s, ” Min, ” Goodwin, ” Organizations: DC CNN, Labor Department, New York Life Investments, CNN, Microsoft, Meta, Citigroup, Monex, Federal Reserve, Chicago Fed, Bloomberg Locations: Washington

☆ Moody's Mark Zandi talks the risks of keeping rates higher
▼ + stars: | 2024-02-16 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailMoody's Mark Zandi talks the risks of keeping rates higherMark Zandi, Moody’s Analytics chief economist, and CNBC's Steve Liesman join 'The Exchange' to discuss the case for March rate cuts, the risks of keeping rates higher, and more.

Persons: Mark Zandi, Steve Liesman

☆ Deflation: Here's where prices fell in January 2024, in one chart
▼ + stars: | 2024-02-14 | by ( Greg Iacurci | ) www.cnbc.com time to read: +6 min

These are the big deflationary factors"A lot of factors have come together to push goods prices down," said Mark Zandi, chief economist at Moody's Analytics. In addition to normalizing supply-demand dynamics, a historically strong U.S. dollar relative to other global currencies has also helped rein in goods prices, Zandi said. Falling energy prices have also put downward pressure on goods prices, due to lower transportation and energy-intensive manufacturing costs, economists said. Lower energy prices also put downward pressure on the transportation of food to store shelves. Consumers get more for roughly the same amount of money, which shows up as a price decline in the CPI data.

Persons: RC Willey, George Frey, Jay Bryson, there's, Mark Zandi, Zandi, rebalancing, J.P, Hopper Organizations: RC, Bloomberg, Getty, U.S . Bureau of Labor Statistics, Wells, Wells Fargo Economics, Moody's, U.S . Federal, Services, Finance, Morgan's, Investment, Group, of Labor Statistics Locations: Draper , Utah, Wells Fargo, U.S, Salinas, California

☆ Here's the inflation breakdown for January 2024 — in one chart
▼ + stars: | 2024-02-13 | by ( Greg Iacurci | ) www.cnbc.com time to read: +5 min

The consumer price index, a key inflation gauge, rose 3.1% in January relative to a year earlier, the U.S. Labor Department said Tuesday. Where inflation was high in JanuaryCartons of orange juice on display in a grocery store in Los Angeles. Mario Tama | Getty ImagesDespite broad disinflation, there are specific categories where inflation remains relatively high. watch nowAdditionally, shelter inflation is up 6% in the last 12 months. Shelter is the largest component of the average household's budget, and stubbornly high inflation in the category has propped up overall inflation readings.

Persons: Spencer Platt, That's, Mark Zandi, it's, Zandi, J.P, Mario Tama, beefsteaks, Amy Smith, Smith Organizations: Getty, U.S . Labor Department, Moody's Analytics, Workers, Labor Department, Morgan's, Investment, Group, Consumer, University of Michigan, Finance Locations: Brooklyn, U.S, Los Angeles, Brazil, Florida

☆ Opinion: How to solve the nation’s affordable housing crisis
▼ + stars: | 2024-02-12 | by ( Opinion Jim Parrott | Mark Zandi | ) edition.cnn.com time to read: +7 min

Not only has that made mortgages much more expensive, it’s exacerbated the long-standing shortage in housing supply, particularly at the lower-priced part of the market. The market machinery that cranks out housing supply at the bottom of the market has effectively ground to a halt. But falling rates will not solve the underlying structural problems that caused the housing shortfall in the first place. Once rates normalize, housing affordability will simply return to where we were prior to the pandemic, going from dismal to just bad. Lawmakers should complement this support to increase the supply of housing with targeted help for those looking to buy their first home.

Persons: Jim Parrott, Parrott Ryan, Mark Zandi, Jim Parrott Ella Parrott, Mark Zandi Moody's, it’s Organizations: Urban Institute, Moody’s, CNN, National Association of Realtors, Congress

☆ How empty office space became the new bogeyman on Wall Street
▼ + stars: | 2024-02-09 | by ( Matt Egan | ) edition.cnn.com time to read: +6 min

And yet Wall Street is suddenly freaking out about bad real estate loans and empty office buildings. One regional lender — New York Community Bancorp — has seen its stock price implode and its credit rating slashed to junk in part because of its exposure to bad office loans. Japan’s Aozora Bank startled investors by blaming bad loans linked to US offices for a projected loss. That’s a major problem for an industry like real estate known for piling on debt. Importantly, Zandi said these bank failures will be limited to smaller lenders — the ones sitting on suddenly shaky office loans.

Persons: —, ” they’re, It’s, ”, Ed Mills, Raymond James, gameplan, Paul Volcker, That’s, Spencer Platt, ” Alessandro DiNello, NYCB, Powell, Janet Yellen, Jerome Powell, “, ” Mills, Mark Zandi, ” Zandi, Zandi, ” Banks Organizations: New, New York CNN, —, York Community Bancorp, Japan’s, Bank, Federal Reserve, Fed, Regulators, New York Community Bancorp, York Community Bank, Getty, Moody’s, CNN Locations: New York, sweatpants, Washington, Brooklyn, New York City

And while the economy usually comes out on top as the issue for most voters, there are doubts over whether even a good economy is enough for Joe Biden to win a second term. Certainly, the improving economy – and most importantly an inflation rate that is trending back to the Federal Reserve’s desired 2% annual target – should be an asset for Biden. “Obviously perceptions of Biden and Trump are largely baked in and have been for a long time” says Lee Miringoff, director of the Marist Institute for Public Opinion. “We’re playing at the margins at best.”For Democrats, running on a good economy will present its own challenges. The wing nuts have disproportionate power.”Ramamurti still believes that Biden should emphasize the economy, saying, “I’m of the view that good news is good news.

Persons: Joe Biden, ”, Jose Torres, ” Powell, “, Biden, Al Capone, Alejandro Mayorkas, Bharat Ramamurti, Trump, Lee Miringoff, David Walker, Walker, “ There’s, ” Ramamurti, Ramamurti, Gregory Daco, Pollsters, Mark Zandi Organizations: Federal, Biden, Fed, Interactive, Republicans, Democrats, CBS, Trump, GOP, Homeland, National Economic Council, Marist, ”, Marist Institute, Public, Biden Administration, Republican, Democratic Party, Democrat, Dow Jones, Moody's Locations: Pennsylvania

☆ Economists say a potential spike in gas prices could hand Trump the White House
▼ + stars: | 2024-02-01 | by ( Brent D. Griffiths | ) www.businessinsider.com time to read: +3 min

One of the key points for their model is an expectation that gas prices will remain largely stable. The economists caution a slight surge in prices could shift expectations towards a Trump victory. "All else equal, if gas prices surge back close to $4 per gallon, [former President Donald] Trump will win." AdvertisementBiden's presidency has endured major shocks in the oil market, which have sent gas prices as high as $5 a gallon in the summer of 2022. The popular gas-pricing app said in its 2024 outlook that gas prices could average $3.15 in November with a potential range of $2.99-$3.31.

Persons: Biden, —, Joe Biden, Biden's, Mark Zandi, Brendan Lacerda, Justin Begley, Donald, Trump, Moody's, Nikki Haley, Nate Silver Organizations: Trump, Service, Biden, Arizona Locations: Ukraine, North Carolina

☆ It's almost impossible for first-time buyers to afford a home, top analyst says
▼ + stars: | 2024-01-30 | by ( Theron Mohamed | ) www.businessinsider.com time to read: +3 min

Read previewSky-high house prices and mortgage rates have dashed many Americans' dreams of owning their own home, the chief economist of Moody's Analytics says. Meanwhile, 30-year mortgage rates have surged from historic lows of 2.5% during the pandemic to nearly 7%, Zandi noted. The so-called affordability crisis has been fueled by the lock-in effect, where homeowners on cheap mortgage rates don't want to lose it by selling. Indeed, sales volumes of existing homes slumped by 17% between February and December last year, from 4.6 million units to below 3.8 million, per the St. Louis Fed. Zandi has previously warned that several things need to happen for sales volumes to return to normal levels.

Persons: —, Mark Zandi, Louis, Zandi, They've, Louis Fed Organizations: Service, Business, Louis Fed, Federal Reserve, Yahoo Finance

☆ Workers are sour on the job market — but it may not be warranted
▼ + stars: | 2024-01-29 | by ( Greg Iacurci | ) www.cnbc.com time to read: +2 min

Maskot | Digitalvision | Getty ImagesWorkers are sour on the job market — but that pessimism may be somewhat misplaced. So far in 2024, for example, big technology firms including Amazon, eBay, Google and Microsoft have announced job cuts. U.S.-based companies planned about 722,000 job cuts in 2023, almost double those announced in 2022, according to Challenger, Gray & Christmas, an outplacement and executive coaching firm. watch nowHowever, those recent headlines mask strength in the overall job market, economists said. "It's still a very robust and resilient labor market overall," Pollak said.

Persons: Daniel Zhao, Zhao, it's, Mark Zandi, Zandi, they've, Julia Pollak, " Pollak Organizations: Digitalvision, Getty Images Workers, Amazon, eBay, Google, Microsoft, Citigroup, Universal Music Group, U.S, Challenger, Moody's, Federal Reserve Locations: BlackRock, U.S

☆ Here's why Moody's Analytics' Mark Zandi worry about oil prices
▼ + stars: | 2024-01-26 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailHere's why Moody's Analytics' Mark Zandi worry about oil pricesMark Zandi, Moody's Analytics chief economist, joins 'Squawk on the Street' to discuss his expectations from the Fed's next move, whether the soft landing is too much of a good thing, and more.

Persons: Zandi

☆ Why that ‘last mile’ of the inflation fight may be more challenging
▼ + stars: | 2024-01-22 | by ( Greg Iacurci | ) www.cnbc.com time to read: +5 min

Inflation measures how fast prices are rising for goods and services — anything from concert tickets and haircuts to groceries and furniture. That means further broad disinflation likely won't come from consumer goods, economists said. In fact, attacks by Houthi rebels on ships in the Red Sea threaten to disrupt a key transit corridor and may trigger higher goods inflation if it persists, El-Erian explained. While down from more than 7% last year, services inflation still sits at 5.3%. Why this may all be 'nonsense'Not all economists think the last mile of disinflation will be harder than what came before, however.

Persons: Robyn Beck, Mohamed El, We're, Gargi Chaudhuri, Houthi, Erian, Chaudhuri, Mark Zandi, Sarah House, Paul Ashworth Organizations: Afp, Getty, Allianz, Queens ' College, University of Cambridge, CNBC, Americas, BlackRock, Finance, of Labor Statistics, Labor, Moody's Analytics, Wells, Wells Fargo Economics, Capital Economics Locations: Los Angeles, U.S, Wells Fargo

☆ Insurers shun many ships carrying goods through the Red Sea as attacks continue
▼ + stars: | 2024-01-17 | by ( Matt Egan | ) edition.cnn.com time to read: +6 min

The crisis in the Red Sea threatens to damage the economy by increasing prices on consumers and delaying the shipment of goods. A Houthi official vowed on Wednesday that attacks on “Israeli-linked” vessels in the Red Sea as well as the Arabian Sea will continue. Ikea also does not foresee any product shortages from the Red Sea problems. “Shippers are now much better at using alternative ways of moving their goods around the world,” Zandi said. “We have not seen the situation in the Red Sea translate into material movements in prices in the US such as consumer goods and gasoline prices,” Schwartz said.

Persons: ”, Marcus Baker, Marsh McLennan, Baker, Vicent Clerc, ” Clerc, CNN’s Richard Quest, Mark Zandi, Zandi, Kristalina Georgieva, Quest, ” Zandi, Stephen Schwartz, ” Schwartz Organizations: CNN, US, US Central Command, Maersk, International Monetary Fund, Oxford University . Shipping, P, Moody’s, Global, IMF, Economic, Wednesday, Ikea, Wells, Wells Fargo Global Receivables, Trade Finance Locations: Israel, Marsh, Suez, Africa, China, Davos, Switzerland, “, Asia, Europe, Germany, Wells Fargo, Iran

☆ Risk of recession is starting to fade, says Moody's Mark Zandi
▼ + stars: | 2024-01-17 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailRisk of recession is starting to fade, says Moody's Mark ZandiMark Zandi, Moody's Analytics chief economist, joins 'The Exchange' to discuss the Fed rate cut timeline, economic forecasts, and more.

Persons: Mark Zandi Mark Zandi

☆ Home prices will weaken as rising rental supply creates more competition in the housing market, top economist says
▼ + stars: | 2023-11-28 | by ( Filip De Mott | ) www.businessinsider.com time to read: +3 min

Mortgage rates will settle between 5%-6%, helping boost home sales, Zandi added. The trend is especially evident among high-end properties, where the rise of multi-family towers in urban centers has lowered rents and impacted the single-family housing market. That's because the added supply increases overall competition in the housing market as sellers of existing homes will be under more pressure to cut prices, he explained. The rush to add inventory comes as the housing market faces a broad supply crunch, made worse by homeowners' resistance to sell their properties. He reiterated that this will help boost housing sales, as long as a recession is avoided and incomes continue to rise.

Persons: Mark Zandi, Zandi, — Organizations: CNBC, Service

☆ Mortgage rates will settle around five and a half to six percent, says Moody’s Analytics' Mark Zandi
▼ + stars: | 2023-11-27 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailMortgage rates will settle around five and a half to six percent, says Moody’s Analytics' Mark ZandiMark Zandi, chief economist at Moody’s Analytics, and CNBC's Diana Olick join 'The Exchange' to discuss affordability concerns in the real estate market, when inventory will settle and more.

Persons: Zandi Mark Zandi, Diana Olick Organizations: Moody’s

☆ Home prices are poised to drop as the frozen housing market thaws, 2 top experts say
▼ + stars: | 2023-11-24 | by ( Theron Mohamed | ) www.businessinsider.com time to read: +3 min

Price drops may be needed to thaw the housing market, which could take years, Zandi said. Kelman expects home prices to drop next year, as listings are up and sellers are cutting prices. AdvertisementHouse prices may be headed lower, dealing a blow to sellers but providing relief to buyers, two experts say. The housing market ground to a halt this year, as the Federal Reserve's inflation-fighting hikes to interest rates have boosted mortgage rates to two-decade highs. "I don't expect the housing market to come roaring back here, certainly not in 2024," he said.

Persons: Mark Zandi, Glenn Kelman, Price, Zandi, Kelman, —, Morgan Stanley's, there's, we've, Redfin's Kelman Organizations: Service, Yahoo Finance, Fox

"A fiscal commission is direly needed," Republican Senator Mike Braun, a Budget Committee member, said in an interview. It circulated ideas from a dozen experts on how a commission could offer up solutions for taming deficits and debt. Other recommendations included subjecting high-income earners to more Social Security taxes and gradually raising the age for full retirement benefits to 69 from the current 67. A commission, said independent Senator Bernie Sanders, who caucuses with Democrats, would simply be "a backdoor way to get into cutting Social Security." Sanders embraced lifting the cap on taxable income to extend the life of the Social Security trust fund.

Persons: Kevin Wurm, Mike Braun, Braun, Moody's, Fitch, Michael Peterson, Peter G, Mark Zandi, Dana Peterson, Lori Esposito Murray, Joe Manchin, Mitt Romney, Bernie Sanders, Sanders, Richard Cowan, Moira Warburton, Grant McCool Organizations: U.S, Capitol, REUTERS, Rights, Congress, Treasury Department, Republican, AAA, Peterson Foundation, Conference Board, Democratic, Representatives, Social Security, Social, Thomson Locations: Washington , U.S

☆ Here’s the inflation breakdown for October 2023 — in one chart
▼ + stars: | 2023-11-14 | by ( Greg Iacurci | ) www.cnbc.com time to read: +4 min

The Fed aims for a 2% annual inflation rate over the long term. Gasoline prices fell in OctoberWhat's happening under the surfaceEnergy prices can whipsaw inflation readings due to their volatility. That's why economists like to look at a measure that strips out these prices when assessing underlying inflation trends. This pared-down measure — known as the "core" CPI — fell to an annual rate of 4% in October from 4.1% in September. Housing inflation declined in October, to 6.7% relative to a year earlier, and has fallen from a peak over 8% in March 2023, according to BLS data.

Persons: Joe Biden, David Paul Morris, Sarah House, Mark Zandi, Zandi, It's Organizations: Bloomberg, Getty Images Bloomberg, Getty, Wells, Wells Fargo Economics, U.S . Bureau of Labor Statistics, Moody's, CPI, BLS Locations: Hercules , California, U.S, Wells Fargo, American, Russia, Ukraine

☆ Softer-than-expected inflation boosts case for no more rate hikes: Moody's Analytics' Mark Zandi
▼ + stars: | 2023-11-14 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailSofter-than-expected inflation boosts case for no more rate hikes: Moody's Analytics' Mark ZandiMark Zandi, Moody’s Analytics chief economist, joins 'Fast Money' to talk today's inflation data, the impact of Federal Reserve rate hikes, the possibility of a recession and more.

Persons: Zandi Mark Zandi Organizations: Federal

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