US economy on ‘precipice of recession,’ Moody’s chief economist warns

'Tapped out': This group will decide if the US economy ends up plunging into a recession

The U.S. middle class, long considered the backbone of consumer demand and economic stability, is now increasingly stretched and frustrated as broader economic resilience hinges on the spending power of the wealthiest Americans.In an article for the Washington Post published Wednesday, Navy Federal chief economist Heather Long argued that only a handful of “superstar” companies and wealthy consumers are propping up an otherwise fragile economy, …

Leading economist issues stark recession warning for struggling US economy

A leading economist is warning that the U.S. economy is on the brink of recession after incoming economic data last week signaled labor market conditions are softening as inflation is rising, which could complicate the ability of the Federal Reserve to support the economy.Mark Zandi, chief economist at Moody's Analytics, on Monday wrote a post on X that the "economy is on the precipice of recession" – citing the weaker-than-expected jobs report …

U.S. Economy Is Resilient, But Signs of Trouble Loom

Thanks to stockpiling, neither the markets nor consumers have been as badly affected by the trade wars as feared. But signs of trouble are looming

HERE WE GO: Far-Left Moody's Chief Economist Says US Economy 'On Precipice of Recession' After Last Week's Jobs Report Released by (Fired) Biden-Appointed BLS Commissioner

Right on cue.

Moody’s Top Economist Says US Economy on ‘Precipice of Recession’

The top economist at credit rating agency Moody’s Analytics warned that the U.S. economy could be entering recession territory soon. “The economy is on the precipice of recession. That’s the clear takeaway from last week’s economic data dump. Consumer spending has flatlined, construction and manufacturing are contracting, and employment is set to fall. And with inflation on the rise, it is tough for the Fed to come to the rescue,” said Moody’s C…