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Moody's top economist Mark Zandi says: America has a week to secure peace deal
America has just days to secure a peace agreement with Iran or risk sliding into recession, according to Moody’s chief economist Mark Zandi. According to a report by Business Insider, speaking to Bloomberg, Zandi said that the increase in oil prices triggered by stalled negotiations has pushed the US economy to a critical threshold. Recently, Iran announced that it would halt negotiations and block the Strait of Hormuz until the important demands are met, sending Brent and US crude oil...
Moody's top economist warns of US Recession again; says: Unemployment will rise
Moody’s Analytics chief economist Mark Zandi has once again sounded the alarm over the state of the US economy. According to a report by Business Insider, in his latest newsletter, Zandi warned that while the GDP has increased this year, the pace of growth still remains below potential. “The economy is growing, but at a rate below its potential, so the situation is tenuous,” he wrote.
New study reveals how much increased costs from Trump’s Iran war have hit your household
New study reveals how much increased costs from Trump’s Iran war have hit your household Economists warn the financial strain will weigh heavily on middle and lower-income families - Bookmark - CommentsGo to comments The military conflict in Iran has cost U.S. households an estimated $100 billion overall, driven primarily by a sharp increase in energy costs following the closure of the Strait of Hormuz, a new study from Moody’s Analytics found. The analysis indicates that the financial...
100 days into Iran war, Americans face higher prices
100 days into Iran war, Americans face higher prices On average, US households have spent $750 more in expenses due to the war, hitting middle- and lower-income people hard. A hundred days into the US-Israel war on Iran, Americans are facing increasing financial pressure at the pump and at the grocery store in an economy already facing headwinds from United States President Donald Trump’s domestic and foreign policies, including tariffs. The war is unpopular, with 66 percent of Americans...