Mark Zandi
Mark Zandi
Mark Zandi is chief economist of Moody's Analytics, where he directs economic research. He is co-founder of Economy.com, which was acquired by Moody's Analytics in 2005. Prior to founding Economy.com, Zandi was a regional economist at Chase Econometrics...
NationalityAmerican
ProfessionEconomist
CountryUnited States of America
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The economy hit a pothole in the fourth quarter.
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the economy has weathered these storms about as gracefully as could be expected.
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The economy is strong, and if history is a guide it should suggest inflationary pressures should develop, but they haven't. Given the crosscurrents in the economic inflation data, it will difficult for him to be clear-cut.
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The economy is strong and, if history is a guide, it should suggest inflationary pressures should develop, but they haven't.
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The economy is much improved over the past year but it's still underperforming.
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The economy is good, but it hasn't improved for everybody. The gains have predominantly gone to higher-income and higher net-worth households. Lower net-worth households are still struggling.
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The economy is going to be hit hard by Katrina, and it is going to be hardest on consumers who are already stretched thin. With the surge in gasoline and home heating oil prices, consumers will have a difficult choice to make between filling their gas tank or spending on other things.
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The economic data in the next couple of months will look pretty weak. There will be significant political pressure on the Fed not to tighten.
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The impact on pricing is starting to fade.
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The impact is going to be very significant -- it may shave as much as a half-percentage point from economic growth this year.
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All these statistics reflect the full force of the hurricanes on the broader economy and we will probably have another month of ugly statistics.
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The housing market is fading fast and the prospect is it will weaken further as rates move higher.
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The housing market has shown amazing resiliency. I believe the market is peaking, but it is at an incredibly high level of activity.
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A month ago the markets would have interpreted getting rid of measured as meaning that a 50 basis point hike was possible. Now the market won't know if it would mean no change, another quarter-point move, or a 50 point hike is next and that's precisely why the Fed should take it out,