Zeta index shows economy is in a very healthy place, says Zeta Global CEO David Steinberg

Economic Expansion - The Zeta Economic Index has shifted from contracting to expanding for the first time in six months, increasing by 150 basis points to 67.7%, indicating a healthy economic state [1][2]. Consumer Behavior - Despite concerns over a potential government shutdown, consumer spending remains robust across various sectors, including financial services, travel, entertainment, retail, automotive, and technology, all showing simultaneous expansion [4]. Moving and Credit Trends - There is a notable contraction in the moving index and credit expansion intent, attributed to high interest rates and the reluctance of consumers to give up low-cost mortgages [5][6]. - Consumers are less willing or able to take on new credit, with credit line expansion intent falling at a reduced rate compared to the previous month, suggesting a cautious approach to borrowing [7][8]. Mortgage Market Dynamics - Many consumers are hesitant to move due to the disparity between current low mortgage rates (2-3%) and higher rates (6-7%) available in the market, leading to increased costs associated with moving [9].