Mark Zandi

A Moody's Analytics economist estimated that the US-Israel war with Iran has cost the average American household $1,000, driven by higher gasoline and diesel prices. Gasoline prices peaked at $4.56 per gallon in May, while increased transport costs pushed grocery prices up by $200 per household. US inflation reached a three-year high in May.

Pennsylvania lawmakers are advancing bipartisan bills to increase housing supply by requiring municipalities to allow accessory dwelling units (ADUs) by right, bypassing local zoning variances. The effort aims to address a projected shortage of 185,000 homes by 2035, though local governments oppose the measure, calling it a one-size-fits-all mandate.

The top 20% of U.S. earners drive 60% of personal outlays, with their spending growth (8.3%) outpacing the bottom 80% (4.5%), as wealth tied to stock market valuations raises concerns about economic fragility. Moody’s chief economist Mark Zandi notes this 'K-shaped economy' persists, with the wealthy benefiting from asset gains while most Americans struggle with affordability.

The K-shaped economy remains 'firmly intact' as high earners drive spending, according to Moody's economist Mark Zandi. The analysis highlights ongoing economic divergence between different income groups.

Philadelphia's housing market is described as a buyer’s market, but economists argue this is misleading due to unaffordability, low inventory, and rising home prices driven by the city’s health care sector. High mortgage rates further limit affordability, particularly for first-time buyers.

Consumer price inflation reached 4.2% in May, a three-year high driven by energy price spikes linked to the Iran war. Core inflation, excluding food and fuel, was 2.9%, exceeding the Federal Reserve’s 2% target and reducing hopes for an interest rate cut.

Consumer price inflation rose to 4.2% in May, the highest in three years, driven by energy price spikes linked to the Iran war. Core inflation (excluding food and fuel) was 2.9%, with significant increases in apparel (4.8%) and transportation services (4.1%). The report dampened hopes for a Federal Reserve interest rate cut.

Consumer price inflation reached 4.2% in May, a three-year high driven by rising energy prices linked to the Iran war. The core inflation rate was 2.9%, with significant increases in fuel oil (58.9%) and gasoline (40.5%), dampening hopes for an interest rate cut.

Consumer price inflation reached 4.2% in May, a three-year high driven by energy price spikes linked to the Iran war. Core inflation was 2.9%, with significant increases in apparel and transportation costs. The war's economic costs have exceeded benefits from tax refunds under the Trump administration, according to Moody’s Analytics.

Mark Zandi of Moody's provides analysis on the economic outlook amidst recent events in the Middle East. The article highlights his insights into potential economic impacts.