Recent hurricanes are obscuring the U.S. economy’s underlying trend

flooded streets (Credit: Miguel J. Rodriguez Carrillo—AFP/Getty Images)

The staggering one-two punch of hurricanes Helene and Milton has been one of the most destructive on record, obscuring the view of the U.S. economy, Goldman Sachs said.

Property damage estimates vary widely but center at a combined $90 billion, revealed an analyst note published on Sunday, led by chief economist Jan Hatzius. That devastating figure ranks No. 5 on the list of the 10 worst hurricanes since World War II.