✉news BusinessEconomy first seen 16 h ago, last 14 min ago, peak #16
Moody's Zandi warns higher rates already hurting economy
Original: Moody's Zandi warns that higher interest rates are already damaging the economy
Mark Zandi, chief economist at Moody's Analytics, warns that elevated interest rates are already inflicting damage on the US economy. His comments add to concerns that tight monetary policy, maintained to fight inflation, is slowing growth and could tip the economy toward recession.
Why now: Markets and consumers are anxious about whether high interest rates will trigger a recession.
Evidence
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