The Latest Breaking News from Mark Zandi

Inflation hit a new, four-decade high of 9.1% last month, fueled in part by record high gasoline prices. Gas prices have since fallen, but overall inflation is still elevated.

The U.S. dollar has been surging so much that it’s nearly equal in value to the euro for the first time in 20 years

Stagflation

The Biden administration has been considering a plan to cancel at least $10,000 of federal student-loan debt. President Biden promised something of the sort during the 2020 presidential campaign. And with about 45 million current and former students carrying $1.76 trillion in debt, some sort of debt forgiveness is appealing…

During the past two years, home prices nationally have soared more than 30%. Rising mortgage rates make affording a home even harder. That has many people wondering if we're in another housing bubble.

Home prices are up 30% in the past year in some cities. Many people wonder if we're in another housing bubble. Some economists think prices could fall in places where homes are especially overvalued.

Moscow’s war on Ukraine and the ferocious financial backlash it’s unleashed are not only inflicting an economic catastrophe on President Vladimir Putin’s Russia