Economist Mark Zandi says US 'is on the precipice of recession.'

Mark Zandi, chief economist at Moody’s Analytics, raised concerns about the U.S. economy following the Bureau of Labor Statistics’ latest report on August 1st. In a post on X, he warned, “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...