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☆ Inflation expectations and wage growth are at top of the Fed's list right now: Moody's Mark Zandi
▼ + stars: | 2023-11-10 | 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 EmailInflation expectations and wage growth are at top of the Fed's list right now: Moody's Mark ZandiMark Zandi, Moody’s Analytics chief economist, joins 'Squawk on the Street' to discuss Powell's latest comments impact on the markets, metrics the Fed could be watching to raise rates again, and more.

Persons: Mark Zandi Mark Zandi

☆ Home prices remain steady despite rising mortgage rates
▼ + stars: | 2023-11-01 | 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 EmailHome prices remain steady despite rising mortgage ratesMark Zandi, Moody's Analytics chief economist, and CNBC's Diana Olick join 'The Exchange' to discuss mortgage rates creating a lack of home supply, home prices increasing for seven months, and homebuilders investing in built-for-rent homes.

Persons: Mark Zandi, Diana Olick

☆ What it will take to make homes affordable again for millions of Americans
▼ + stars: | 2023-10-25 | by ( Tim Mullaney | ) www.cnbc.com time to read: +12 min

"At the current 8% mortgage rate, mortgage payment[s] are 38% of median income," Moody's Analytics chief economist Mark Zandi said. The National Association of Realtors measures affordability through its 34-year old Housing Affordability Index, or HAI. And even if home prices do the decline, that trend won't be sustainable unless America builds millions of more homes. And spreads will likely remain extra-wide until short-term interest rates drop below the rates on longer-term treasuries, Duncan said. "Mortgage rates will not go back to 3% – we'll be lucky if we get back to 5," Yun said.

Persons: —, John Burns, maven Mohamed El, Lawrence Yun, Yun, Mark Zandi, That's, Doug Duncan, Fannie, Duncan, Daryl Fairweather, They've, Fairweather, they've, Freddie Mac, –, Zandi, it's Organizations: Nurphoto, Getty, National Association of Realtors, John Burns Real Estate Consulting, NAR, Redfin, Allianz, America, Federal Reserve, realtors, Builders, Fed Locations: Florida, Austin , Texas, Boise , Idaho, Fannie Mae, America, New York, California, Phoenix, Tampa, Louisville, Indianapolis, Chicago

☆ Inflation is cooling, but the price hikes aren’t done
▼ + stars: | 2023-10-25 | by ( Lucy Bayly | Alicia Wallace | ) edition.cnn.com time to read: +8 min

Inflation in the United States has unquestionably cooled after hitting 40-year highs last year. Other key inflation gauges, the more comprehensive Personal Consumption Expenditures price index and the wholesale-focused Producer Price Index, have moderated as well. A spike in gas prices and other components such as persistently high shelter costs have kept inflation elevated. The locally owned Walnut Group restaurant company closed its venerable Mediterranean Restaurant (fondly called The Med), the French bistro Brasserie Ten Ten and the newer Italian entrant Via Perla. Courtesy Tim Romano PhotographyAlthough Brasserie Ten Ten had a nearly two-decade run before its closure, it was like starting a brand new restaurant, Hessel said.

Persons: Marlon Pando, White Lotus, Tony Hessel, he’s, Jerome Powell, Brandon Bell, —, ”, Lydia Boussour, United States —, Pando, “, Price, Frederic J . Brown, Mark Zandi, Chase Castor, hadn’t, Holly Wade, Peggy Romano, Romano, Brasserie, Tim Romano, Hessel, ” Hessel, you’ve, it’s Organizations: Minneapolis CNN —, Disney, Mexican Grill, White, Getty, Moody’s, National Federation of Independent, Washington Post, NFIB Research, shocker, Walnut Group, Via Perla Locations: Minneapolis, New Jersey, Boulder , Colorado, United States, Mexican, Austin , Texas, Alhambra , California, AFP, Marion , Kansas, —, Walnut

☆ U.S. should see economic growth start to slow toward end of this year, says Moody's Mark Zandi
▼ + stars: | 2023-10-20 | 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 EmailU.S. should see economic growth start to slow toward end of this year, says Moody's Mark ZandiMark Zandi, Moody’s Analytics Chief Economist, joins 'Closing Bell Overtime' to talk the possibility of interest rate cuts, the Federal Reserve's next moves and the current economic picture.

Persons: Mark Zandi Mark Zandi Organizations: Federal

☆ The average American's net worth is at an all-time high. Here's how it breaks down by generation.
▼ + stars: | 2023-10-19 | by ( Noah Sheidlower | ) www.businessinsider.com time to read: +4 min

This was more than double the next-largest increase in net worth since 1989, when the Fed began the survey. Median net worth — which measures household assets like houses and vehicles, minus debts like mortgages and student loans — surged to $192,000 when accounting for inflation. While this group, comprised of younger millennials and Gen Zers, has a much smaller net worth than any other age group, median net worth grew from $16,100 to $39,000 during the three-year period. So-called DINKs, or couples with "double income, no kids," also saw huge net worth increases, according to the Fed's survey. Americans in the 55 to 64 age group saw median net worth gains of 48%, while those between the ages of 65 and 74 had a 33% rise in median net worth.

Persons: —, millennials, Gen Zers, Mark Zandi, Zandi Organizations: Service, Federal Reserve's Survey, Consumer Finances, Fed, CNBC

☆ Net worth surged 37% in pandemic era for the typical family, Fed finds — the most on record
▼ + stars: | 2023-10-19 | by ( Greg Iacurci | ) www.cnbc.com time to read: +1 min

Net worth surged for the typical family during the pandemic era, largely on the back on higher home and stock prices and government stimulus measures, the Federal Reserve reported Wednesday in its triennial Survey of Consumer Finances. Net worth is a measure of household assets after accounting for liabilities. After accounting for inflation, median net worth jumped to $192,900, a 37% increase from 2019-22, the Fed found. It was also more than double the next-largest increase on record: Between 2004 and 2007, right before the Great Recession, real median net worth rose 18%. Increases in net worth were "near universal across different types of families," the Fed said.

Persons: Gen Z, Mark Zandi, Zandi Organizations: Federal Reserve, Consumer Finances, Fed, Finance, Workers, Moody's

☆ Deflation is the anti-inflation. Here's where prices fell in September 2023 in one chart
▼ + stars: | 2023-10-13 | by ( Greg Iacurci | ) www.cnbc.com time to read: +1 min

At their pandemic-era peak, consumer prices were rising faster than at any point in 40 years. Inflation has been declining gradually, which means prices are still rising but at a slower pace, also known as disinflation. Some prices have actually deflated over the past year, according to the consumer price index. Deflation is the opposite of inflation: It means consumers are seeing prices decline in certain categories. Over the long term, consumers also generally see savings as manufacturers shift goods production to lower-cost areas, Zandi said.

Persons: —, Mark Zandi, Zandi Organizations: Getty, Consumers, Goods, Moody's, Energy Locations: U.S, Russia, Ukraine

☆ Watch CNBC's full interview with Moody's chief economist Mark Zandi
▼ + stars: | 2023-10-11 | 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 EmailWatch CNBC's full interview with Moody's chief economist Mark ZandiMark Zandi, Moody's Analytics chief economist, joins 'Power Lunch' to discuss the release of the Fed minutes from their September 19-20th meeting, the outlook for rate hikes, and more.

Persons: Mark Zandi Mark Zandi

☆ Inflation could be back to its target by this time next year, says Moody's Mark Zandi
▼ + stars: | 2023-10-11 | 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 EmailInflation could be back to its target by this time next year, says Moody's Mark ZandiMark Zandi, Moody's Analytics chief economist, joins 'Power Lunch' to discuss the release of the Fed minutes from their September 19-20th meeting, the outlook for rate hikes, and more.

Persons: Mark Zandi Mark Zandi

☆ Layoffs remain very low which is not consistent with a recession, says Moody's Mark Zandi
▼ + stars: | 2023-10-03 | 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 EmailLayoffs remain very low which is not consistent with a recession, says Moody's Mark ZandiMark Zandi, Moody’s Analytics chief economist, joins 'Closing Bell Overtime' to talk bond yields, today's JOLTS data, the economy-at-large, and more.

Persons: Mark Zandi Mark Zandi

☆ Student loan bills resume for 40 million Americans. How it could shake the economy
▼ + stars: | 2023-10-01 | by ( Annie Nova | ) www.cnbc.com time to read: +2 min

Student loan forgiveness advocates rally outside the U.S. Supreme Court building in Washington, D.C., after the nation's high court struck down President Joe Biden's student debt relief program, June 30, 2023. Ryan Moran, a nurse in Jacksonville, Florida, hasn't thought about his federal student loans in years. The pandemic-era pause on federal student loan payments ends Sunday, leaving as many as 40 million Americans on the hook for a new monthly bill they haven't needed to make in more than three years. But as the Biden administration ramps up repayment of the more than $1.7 trillion in federal student loan debt, retailers and lenders are bracing for a hit. "The economy will struggle in the fourth quarter, in meaningful part due to the end of the student loan payment moratorium," said Mark Zandi, chief economist at Moody's Analytics.

Persons: Joe Biden's, Ryan Moran, Amelia, Moran, Biden, Mark Zandi Organizations: U.S, Supreme, Washington , D.C, Finance, Security, White, Moody's Locations: Washington ,, Jacksonville , Florida

☆ Danger, 'pothole' ahead: Economic growth slowing to a near-halt to end the year
▼ + stars: | 2023-09-30 | by ( Jeff Cox | ) www.cnbc.com time to read: +6 min

Be it the United Auto Workers strike , the impending government shutdown or the resumption of deferred student loan payments , ominous barriers to growth have been lining up. "The economic headwinds are blowing, and they're blowing harder and harder," said Mark Zandi, chief economist at Moody's Analytics. JPMorgan Chase CEO Jamie Dimon recently cautioned clients that the Fed may have to take rates a good deal higher yet. Still, that's well rate above the central bank's 2% target, posing another potential headwind to growth. Despite the looming slowdown, consumers, who are pivotal to U.S. growth, have managed to hang in there.

Persons: Mark Zandi, Goldman Sachs, Goldman, Ronnie Walker, Alec Phillips, tumbles, Sam Stovall, JPMorgan Chase, Jamie Dimon, We're, Liz Ann Sonders, Charles Schwab, Jerome, Powell, They've Organizations: United Auto Workers, Moody's, UAW, Atlanta, JPMorgan, University of Michigan's, Commerce Department Locations: U.S

☆ Analysis: A messy government shutdown is the last thing the economy needs
▼ + stars: | 2023-09-28 | by ( Matt Egan | ) edition.cnn.com time to read: +5 min

Against this precarious backdrop, Washington is on the verge of a messy shutdown of the federal government. A shutdown probably won’t wreck the economy, especially if it’s short. And if it a shutdown lasts long enough, it could, along with these other headwinds, do some real damage. The US Travel Association estimates the domestic travel economy would lose as much as $140 million a day from a government shutdown. “Uncertainty regarding federal operations will likely persist for the next few months.”Given all the other obstacles facing the economy, chaos in Washington is the last thing the economy needs.

Persons: New York CNN —, ”, Greg Valliere, Joe Brusuelas, Goldman Sachs, —, Uncle Sam, Mark Zandi, don’t, ” Zandi, AGF’s, “, ” Moody’s Organizations: New, New York CNN, UAW, Big Three, Federal, Federal Reserve, AGF Investments, RSM, American Federation of Government Employees, TSA, US Travel Association, Companies, Moody’s, AAA, Goldman Locations: New York, Washington, United States

☆ 10-year yield around 4% is where it should be over long-term, says Moody's Analytics' Mark Zandi
▼ + stars: | 2023-09-28 | 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 Email10-year yield around 4% is where it should be over long-term, says Moody's Analytics' Mark ZandiMark Zandi, Moody's Analytics chief economist, joins 'Squawk on the Street' to discuss his thoughts on the overall economy, how the 20 and 30-year bond will perform in the long term, and his take on the possibility of a government shutdown.

Persons: Zandi Mark Zandi

☆ Here's what a government shutdown would mean for your wallet
▼ + stars: | 2023-09-27 | by ( Greg Iacurci | ) www.cnbc.com time to read: +6 min

During a shutdown, the federal government ceases operations that are deemed non-essential. Win Mcnamee | Getty Images News | Getty ImagesIt's poised to occur this year as hard-right conservatives in the Republican-controlled House are using a possible shutdown as leverage to force deep cuts in federal spending. watch nowMillions may also lose certain federal benefits, with that threat increasing with the length of a shutdown, experts said. Food assistance through the Supplemental Nutrition Assistance, or SNAP, program is "on better footing" than WICs, which would likely be affected within days of shutdown, Sprick said. Section 8 housing vouchers, which are for families with low incomes, seniors and people with disabilities, would also be at risk, Sprick said.

Persons: —, Kevin McCarthy, Win Mcnamee, Sprick, Mark Zandi, Zandi, Emerson Sprick Organizations: Bloomberg Creative, Bloomberg, Getty, Republican, Center, Congressional Research Service, Social Security, Congressional, Workers, Moody's, Contractors, Women, Assistance, SNAP, Loans, Small, Administration, U.S . Department of Education, Education, Center Service, Social Security Administration, Travelers, Transportation Security Administration, United Auto Workers Locations: U.S

☆ America's $1 trillion credit card bill really isn't as bad as it seems
▼ + stars: | 2023-09-24 | by ( Jennifer Sor | ) www.businessinsider.com time to read: +7 min

US credit card debt hit $1 trillion for the first time ever this year. And with those considerations, the hefty credit card balance in the US actually isn't much of a problem. According to Michele Raneri, the vice president of financial services research at Transunion, credit card utilization has stayed around 22%. Already, the delinquency rate on loans issued in 2023 is lower than the delinquency rate on loans issued in 2021 and 2022. That suggests credit card delinquencies will soon peak around the fourth quarter of this year before declining, he estimated.

Persons: That's, Mark Zandi, They've, Zandi, Michele Raneri, they've, Raneri, Gen Zers, Gen Z, LendingTree, Wells Fargo Organizations: Economists, Service, San Francisco Fed, stoke, of Labor Statistics Locations: Wall, Silicon

☆ Watch CNBC's full interview with Jamie Cox, Subadra Rajappa, and Mark Zandi
▼ + stars: | 2023-09-20 | 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 EmailWatch CNBC's full interview with Jamie Cox, Subadra Rajappa, and Mark ZandiJamie Cox, Harris Financial Group managing partner, Subadra Rajappa, head of U.S. rates strategy at Societe Generale, and Mark Zandi, Moody's Analytics chief economist, join 'The Exchange' to discuss signals that indicate the Fed could be done with rate hikes this year, cues in the dot plot about the Fed's 2024 agenda, and fears of a potential government shutdown.

Persons: Jamie Cox, Subadra Rajappa, Mark Zandi Jamie Cox, Mark Zandi Organizations: Harris Financial Group, Societe Generale

☆ Inflation will return to the Fed's 2% target by next year, says Moody's Analytics' Mark Zandi
▼ + stars: | 2023-09-20 | 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 EmailInflation will return to the Fed's 2% target by next year, says Moody's Analytics' Mark ZandiJamie Cox, Harris Financial Group managing partner, Subadra Rajappa, head of U.S. rates strategy at Societe Generale, and Mark Zandi, Moody's Analytics chief economist, join 'The Exchange' to discuss signals that indicate the Fed could be done with rate hikes this year, cues in the dot plot about the Fed's 2024 agenda, and fears of a potential government shutdown.

Persons: Zandi Jamie Cox, Subadra Rajappa, Mark Zandi Organizations: Harris Financial Group, Societe Generale

Sept 18 (Reuters) - Cadence Bank (CADE.N) CEO Dan Rollins calls the regional banking crisis from earlier this year "March madness." Interviews with half a dozen regional bank executives and economists show the March banking crisis has had a lasting impact on the regional banking industry and the economy. Torsten Slok, chief economist at Apollo Global Management, said the banking crisis had "a magnifying effect" on the Fed's tightening but its full impact would come with a lag. The failure triggered a crisis of confidence, with depositors moving their money from regional banks to the perceived safety of the largest lenders. The KBW Regional Bank Index (.KRX) is down about 20% since early March despite a summer rebound.

Persons: Dan Rollins, Rollins, Mark Zandi, ”, Zandi, Torsten Slok, Slok, Cadence's Rollins, Steve Wyett, Wyett, Banks, Cadence’s Rollins, Randy Chesler, Chesler, Moody's Zandi, Jeff Jackson, Raj Singh, Singh, Paritosh Bansal, Anna Driver Organizations: Cadence Bank, Moody’s, Apollo Global Management, Bank, Reuters Graphics, Valley, Regional, BOK, Federal, Loan, Thomson Locations: . Federal, Silicon, Tulsa , Oklahoma, Kalispell , Montana, Wheeling , West Virginia

☆ Why health insurance is poised to make inflation jump
▼ + stars: | 2023-09-17 | by ( Greg Iacurci | ) www.cnbc.com time to read: +2 min

Suriyapong Thongsawang | Moment | Getty ImagesWhy health insurance inflation is hard to measureHealth insurance prices are a tricky thing for economists to quantify. Instead, the agency measures health insurance inflation indirectly based partly on health insurers' profits. It appears that health insurance prices measured in the CPI "will start rebounding" again, said Andrew Hunter, deputy chief U.S. economist at Capital Economics. How health insurance profits affect inflationEarly in the Covid-19 pandemic, health insurers' profits jumped. Why health insurance inflation mattersThe U.S. Federal Reserve raised interest rates aggressively starting early last year to rein in persistently high inflation.

Persons: Suriyapong, Andrew Hunter, Mark Zandi, Zandi, Jerome Powell Organizations: BLS, Capital Economics, Health, Moody's, Consumers, U.S . Federal Reserve, Federal Reserve, Federal

☆ 5 common misconceptions about the US's $32 trillion debt mountain
▼ + stars: | 2023-09-17 | by ( Jennifer Sor | ) www.businessinsider.com time to read: +5 min

The US's $32 trillion debt mountain may not be as bad as it seems. Still, economists say debt problems could arise in the future given the current rate of spending. But experts say that there are major misconceptions floating around the US debt problem that could make the nation's debt load appear more dire than it actually is. America's debt problem is uniqueRising debt levels is a worldwide issue. "This is more of a broader sovereign debt problem that's starting to develop.

Persons: Paul Krugman, there's, that's, Mark Zandi, Zandi Organizations: Service, Congressional, Office, Management, Moody's, Atlanta Fed, International Monetary Fund Locations: Wall, Silicon, Great Britain

☆ US consumer debt fears are overblown as borrowing slows and inflation cools, Moody's chief economist says
▼ + stars: | 2023-09-11 | by ( Zahra Tayeb | ) www.businessinsider.com time to read: +3 min

US consumers debt isn't as bad as many fear, according to Moody's chief economist. Mark Zandi highlighted that borrowing has moderated since the start of the year as inflation cools. He added that student loan repayments won't cause delinquency rates on other debts to rise. In a post on X, Mark Zandi shared a contrarian view to ongoing chatter about US consumer debt. He added that student loan repayments won't cause delinquency rates on other debt to rise much.

Persons: Mark Zandi, Jeff Gundlach, Zandi Organizations: Service Locations: Wall, Silicon

☆ Recession looks unlikely if consumers remain resilient, says Moody's Mark Zandi
▼ + stars: | 2023-09-05 | 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 EmailRecession looks unlikely if consumers remain resilient, says Moody's Mark ZandiCNBC's Steve Liesman and Mark Zandi, Moody Analytics chief economist, join 'The Exchange' to discuss the Fed and economy.

Persons: Mark Zandi, Steve Liesman Organizations: Moody Analytics

☆ Goldman Sachs cuts US recession odds to 15% as economic optimism grows
▼ + stars: | 2023-09-05 | by ( Matt Egan | ) edition.cnn.com time to read: +3 min

New York CNN —Goldman Sachs is increasingly confident that the US economy will stick the soft landing that many thought was nearly impossible to pull off. In a research report published Monday night, Goldman Sachs lowered its estimated chance of a US recession over the next 12 months to just 15%. Goldman Sachs pointed to “solid” job growth and rising real (inflation-adjusted) wages that should allow real disposable income to “reaccelerate” next year. The August jobs report, released late last week, showed that hiring remains solid, though it has slowed from the blockbuster pace of earlier in the post-pandemic recovery. “The August jobs report couldn’t be much better,” Moody’s Analytics chief economist Mark Zandi wrote Friday on X, formerly known as Twitter.

Persons: New York CNN — Goldman Sachs, Goldman Sachs, That’s, It’s, ”, “, Jan Hatzius, ” Hatzius, Hatzius, reaccelerate ”, Mark Zandi Organizations: New, New York CNN, Federal Reserve, Wall Street, Bloomberg, Atlanta Locations: New York

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