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Mark Zandi, Chief Economist at Moody's Analytics, estimates that the ongoing war involving Iran has cost the average U.S. household nearly $2,000 since the conflict began about eight months ago.
According to Zandi, this nationwide total adds up to $265 billion.
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Zandi has previously warned about the rising risk of a Fed policy mistake as markets expected further rate hikes, despite steady U.S. GDP growth of 2% in earlier commentary. He also highlighted concerns over limited payroll growth after a soft September jobs report and downward revisions to earlier figures in a separate analysis. These recent assessments provide context for his estimate on household costs related to the war.