Moody's Talks - Inside Economics Claudia Sahm on the Muddling Economy
Oct 24, 2025
Claudia Sahm, Chief Economist at New Century Advisors and former Federal Reserve economist, joins Matt Colyar, Assistant Director at Moody's Analytics, for an insightful discussion on the current economic landscape. They analyze the recent Consumer Price Index data and its impact on inflation, labor markets, and stock valuations. Claudia highlights risks such as the effects of immigration policy on productivity and financial strains on lower-income households. The duo also considers the implications of AI on the economy and potential systemic risks in private credit.
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Personal Health Recovery And Perspective
- Claudia Sahm shared that she recently beat cancer and is in recovery with hair regrowth underway.
- She said the health wake-up reinforced gratitude and perspective compared with economic worries.
Data Blackout Creates Policy Blind Spots
- Claudia warned that the government data blackout leaves analysts unsettled and reduces confidence in economic readings.
- She stressed alternative private data help but cannot replace a reliable public data core.
Private Data Can't Fully Replace Public Stats
- Sahm cautioned private firms won't reliably provide public goods and access can change with business decisions.
- She said relying on private data without institutional guarantees risks statistics continuity and quality.