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 released Friday and the inflation data from the previous day that showed consumer prices rose as indicating the economy's precarious position."Consumer...

2 weeks ago

On HALO