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Durable goods orders remain strong despite underlying strain, Mark Zandi notes
Mark Zandi, chief economist at Moody's Analytics, highlights the ongoing resilience in recent U.S. economic data while noting growing pressures beneath the surface.
He points to strong durable goods orders, suggesting that business investment is the economy’s most robust area at this time. Much of this strength is attributed to increased AI-related spending.
Zandi has recently cautioned that higher tariffs on imported goods have significantly slowed U.S. job growth over the past year, as detailed in his analysis of tariff impacts. He also noted that the conflict in Iran is contributing to rising U.S. Treasury yields and worsening economic conditions, according to his report on geopolitical risks. These observations form part of his ongoing assessment of challenges to the U.S. economy.
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