IRAN WAR HAS COST NEARLY $2 , 000 PER US HOUSEHOLD : MOODY TOP ECONOMIST

What happened: Moody's Analytics chief economist Mark Zandi estimated on Oct. 12 that the Iran war has cost the average U.S. household nearly $2,000 since it began on Feb. Why it matters: Zandi said the war's costs absorbed about half the average household's income gain over eight months, and that war inflation contributed to the Fed's rate increase last month. The White House disputed his figures, calling him a Democratic donor.

Moody's Analytics chief economist Mark Zandi estimated on Oct. 12 that the Iran war has cost the average U.S. household nearly $2,000 since it began on Feb.

Zandi said the war's costs absorbed about half the average household's income gain over eight months, and that war inflation contributed to the Fed's rate increase last month. The White House disputed his figures, calling him a Democratic donor.