Consumer spending growth will moderate, but it won't impede the current pace of economic expansion.
More Quotes from Mark Zandi:
The market will be focused on anything that gives more context regarding the inflation outlook, how concerned policy-makers are about inflation.Mark Zandi
It would take time for that to occur and during this period of adjustment -- some things might not get done -- maybe some crops won't be picked or some hotel rooms won't get cleaned.
Mark Zandi
The unleashing of business pent-up demand will ensure that the U.S. economy's recovery will continue, but the unwinding of consumer spent-up demand will ensure that it won't come roaring back,
Mark Zandi
The Fed is growing more uncomfortable about inflation, ... This is a more hawkish statement and signals that more tightening is on the way.
Mark Zandi
The rate of technical change, which is the most difficult thing to measure, seems to be slowing from the unprecedented pace of a few years ago.
Mark Zandi
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