Mark Zandi warned that the war with Iran needs to end immediately because another jump in oil and gasoline prices could cause consumers to "pack it in" and push the fragile U.S. economy into contraction. He said recession would become more likely than not if energy costs rise further. The warning points to a market-wide macro risk tied to geopolitics, energy inflation, and weakening consumer demand.
Mark Zandi warned that the war with Iran needs to end immediately because another jump in oil and gasoline prices could cause consumers to "pack it in" and push the fragile U.S. economy into contraction. He said recession would become more likely than not if energy costs rise further. The warning points to a market-wide macro risk tied to geopolitics, energy inflation, and weakening consumer demand.
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strongly negative
Sentiment Score
-0.72
Ticker Sentiment
