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Chief Economist Projects Next 12-18 Months Will Be “Uncomfortable”

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On Tuesday in an interview with CBS News, Mark Zandi, Moody’s Analytics Chief Economist, said “things are going to start to wobble and break and it’s going to feel uncomfortable” explaining that the banking industry failures are the inevitable result of the Federal Reserve rate hikes.  He added, because inflation is “still high, the next 12-18 months are going to be uncomfortable.”

 

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