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
couple data next ugly
The data is going to look ugly in the next couple of months.
data economic energy financial given gulf images instead markets prices reason rising symbolic worse
if the financial markets were reeling and the images from the Gulf were getting worse instead of better, if energy prices were rising instead of falling. But given the economic data and financial markets, there's no reason to make a symbolic move.
change data export fed growth laid pressure script takes wage
There won't be any change in the script the Fed has laid out. Export growth has weakened and there is a lid on wage growth. This data takes some pressure off of the more hawkish Fed members.
change data export fed growth laid pressure script takes wage
There won't be any change in the script the Fed has laid out, ... Export growth has weakened and there is a lid on wage growth. This data takes some pressure off of the more hawkish Fed members.
data economic harder impact initial might move ugly
In November, there will be a lot of ugly economic data out on Katrina's initial impact and that might make it harder for them to move at that time,
activity although amount bit data difficult economic unusual weather
It's always a bit difficult to read the economic data in the winter, just because activity is thinner, and the vagaries of weather are more pronounced. So it's not unusual to see, although this is an extraordinary amount of volatility.
couple data economic fed months next political pressure
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.
bad bit data fed string
If we get a string of bad data on inflation, the Fed will probably have to tighten for a bit longer.
bursting housing mortgage rates rise slow store
I think what we have in store is a slow deflating of the housing bubble, not a bursting of the bubble. But if mortgage rates rise more sharply than I am expecting, then the downturn in housing could be more severe.
decision higher level regarding since year
I think they will tighten, but there is a much higher level of uncertainty regarding this decision than at any one since they started over a year ago.
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I think the most likely scenario is that housing euphoria slowly deflates but doesn't burst.
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I think the message in this inverted yield curve is muddled. I think it is something to watch and to understand better. But I am not overly concerned.
consumer effects gas homes money overall people pull spending
People are able to pull money out of their homes and put it into their gas tanks. So the overall effects on consumer spending have been small.
economy remains tough underlying
We don't get away scot-free, but the underlying economy remains tough and sturdy.