Moody's Talks - Inside Economics A Plethora of Data
Mar 28, 2025
This week's discussion highlights the significant economic impact of new auto tariffs, predicting a 25% price hike for consumers. The hosts dive into the reliability of government statistics versus private sector alternatives, questioning the accuracy of unemployment claims and GDP calculations. Additionally, they explore the stark economic perspectives between younger and older generations, noting increased pessimism among younger adults. The conversation wraps up with intriguing insights into labor market dynamics and recent growth trends in the economy.
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Weak Economic Data
- Weak consumer spending and high inflation raise recessionary concerns.
- The saving rate increased, indicating consumer caution amid economic uncertainty.
Hyundai's US Investment
- Hyundai announced a multi-billion dollar investment in US auto production, likely due to new tariffs.
- Mark Zandi expresses skepticism, citing Foxconn's failed investment promise under similar circumstances.
Impact of Auto Tariffs
- New auto tariffs will increase vehicle prices, potentially impacting sales and related industries.
- Automakers might absorb some tariff costs, but higher prices will still affect affordability and demand.