The Economy: What To Know, and What To Watch

Moody’s economist Mark Zandi is feeling good about the direction of the U.S. economy. In a recent discussion with RMA’s Philadelphia chapter, Zandi handicapped the chances of a soft landing in 2024 at 80%, a marked shift from his perspective six months ago, when he described the likely economic road ahead as a “slowcession.” What’s changed in his analysis? Inflation is moderating, interest rates have likely peaked, and consumers continue to do just enough to propel growth wit…