Top economist warns the U.S. is 'on the precipice of recession' - and it will be hard for the Fed to come to the rescue

business • 8/3/2025

"Consumer spending has flatlined, construction and manufacturing are contracting, and employment is set to fall."

The shocking jobs report on Friday wasn’t the only red flag. Indicators from the past week paint an overall picture of an economy that’s headed for a downturn, according to Moody’s Analytics chief economist Mark Zandi. After months of looking remarka... [3718 chars]