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| Data: U.S. Energy Information Administration. Map: Alex Fitzpatrick/Axios |
Yahoo - Indicators from the past week paint an overall picture of an economy on the edge of a downturn, according to Moody’s Analytics chief economist Mark Zandi. Not only is the labor market weakening, but consumer spending is flat while construction and manufacturing are shrinking, he warned, adding that the Federal Reserve will have a hard time reviving growth with inflation still above its target.
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