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Friday, March 29, 2024

The Fed must end rate hikes quickly to avoid a recession as inflation is cooling and the banking system remains fragile, Moody’s Analytics chief economist says

The Federal Reserve must halt its interest-rate increases quickly for the US economy to dodge a recession, according to Moody’s Analytics chief economist Mark Zandi. With inflation falling, the labor market easing, and the banking system remaining fragile, it’s an opportune time for the central bank …

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