The Latest Breaking News from Mark Zandi

“This state-level picture mirrors the national trend: The U.S. economy is not in recession, but it is struggling to avoid one.”

SEC Chair Paul Atkins said the ongoing government shutdown is starting to impact U.S. markets but highlighted that the agency remains partially operational to keep essential functions running.

Moody’s chief economist, Mark Zandi, tells Fortune parts of America are already in recession, with 22 states contracting despite strong national GDP growth.

Moody’s Analytics Chief Economist Mark Zandi declared the U.S. job market is “weak and getting weaker,” delivering his warning after piecing together an analysis from private-sector data.

Moody’s warns U.S. job growth has stalled as the shutdown halts official labor data, forcing Wall Street and the Fed to rely on patchy private reports.

“Our big year won’t be really next year—it’ll be the year after,” Trump told reporters recently.

Reddit recently lit up with thousands of responses to the question: “What’s an industry that exists only to service the very rich?” The answers, drawn from firsthand experiences and industry insiders, reveal just how many entire businesses cater exclusively to the ultra-wealthy.

Despite an encouraging upward revision of the U.S. economic growth during its third estimate release, a prominent economist is cautioning that significant risks persist, with stock market valuations reaching levels not seen since the dot-com era.

Stronger GDP also means the Federal Reserve will be under less pressure to lower rates aggressively.