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Mark Zandi: The U.S. economy has already been hit very hard by higher oil prices
Source: youtube.com
Energy Markets & PricesInterest Rates & YieldsMonetary PolicyConsumer Demand & RetailEconomic Data

Moody's Analytics Chief Economist Mark Zandi said higher oil prices are materially pressuring consumers and weighing on the broader economy. He expects the Federal Reserve to raise interest rates despite soft economic conditions, creating an additional headwind for consumer spending and growth.
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