Economist Mark Zandi of Moody's Analytics says two states—New York and California—could determine whether the United States enters a recession, as their economic performance mirrors broader national trends.
In an interview, Zandi called both states "bellwethers" for the country's financial trajectory. While he noted that several U.S. states may already be in recession, New York and California are "treading water," managing to hold steady despite significant economic headwinds.
