This 2026 economic report reviews current U.S. and global economic conditions and outlines key trends likely to shape markets in the coming year. It examines inflation, interest rates, housing, government spending, debt levels, and consumer behavior, along with potential risks such as asset bubbles and rising loan defaults. The report also discusses geopolitical influences on the economy, including the ongoing Russia-Ukraine war and global energy and supply-chain dynamics. Finally, it provides forecasts and scenarios for investors, businesses, and households to consider as they plan for 2026.