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
fed growing signals statement
The Fed is growing more uncomfortable about inflation, ... This is a more hawkish statement and signals that more tightening is on the way.
attract boils capital crash difficult dollar factor fed global help interest loosen policy puts sentiment support
If protectionist sentiment boils over, that could be a precipitating factor for the dollar. In a dollar crash scenario, it puts the Fed in a particularly difficult spot. Do they tighten policy (raise interest rates) to attract global capital or do they loosen it to help support the economy?
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.
attach fed finance high housing markets next problem reasonably test
I would attach a reasonably high probability that there will be a problem in the housing or finance markets that will test the next Fed chairman.
fed future plain reference rid send signal statement strong vanilla
I think the Fed will get rid of the reference about what to do in the future. I think they will make the statement as plain vanilla as possible, and they won't try to send a strong signal one way or the other.
certainly fed less likely neutral pause percent rate
It's less likely that the Fed will pause in its tightening. A neutral rate is certainly at least 4 percent and probably a little higher. That's where we're headed.
almost certain economy-and-economics fed upbeat
It's almost certain that the Fed will be more upbeat about the economy.
concerns degree fed good growth inflation job level market year
That's right where the Fed would like to see it, ... It would take a good year of that level of monthly growth before the job market tightens to the degree where inflation concerns would become more paramount.
desirable fed inflation top
It's at the top end of what's desirable for the Fed policy-makers and investors. Inflation is low, but it is rising.
fed november pause response
If the Fed were going to pause in response to Katrina, it probably would be in November and December,
basis fed hike markets meaning measured month next point precisely rid
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,
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.
distressed engage fully house move ordinary prices properties resolved time until
It is time to move on. House prices won't rise and the economy won't fully engage until more distressed properties are resolved and put back into ordinary use.