The “Ceasefire” Won’t Save The Economy — ft. Mark Zandi
Key Takeaways
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Ceasefire fails to resolve structural economic risks
“The tenuous ceasefire in Iran won't save the U.S. economy from its current trajectory.”
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Inflation remains sticky despite geopolitical shifts
“Inflation is cooling, but reaching the Fed's target remains a significant challenge.”
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Federal Reserve will likely hold rates steady
“The Fed is likely to wait for more definitive data before cutting rates.”
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Recession probability remains uncomfortably high
“We are still looking at a high probability of a recession in the near term.”
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Geopolitical tension keeps oil prices volatile
“The conflict in the Middle East ensures that energy price volatility is here to stay.”
Episode Description
Ed Elson is joined by Mark Zandi to break down what the tenuous ceasefire in Iran means for the U.S. economy and investors. They discuss his forecast for inflation, what the Federal Reserve is likely to do next, and the probability of a recession. Mark Zandi is the chief economist of Moody’s, a leading provider of economic research, data and analytical tools. He also hosts the Inside Economics podcast. Subscribe to the Prof G Markets Youtube Channel Check out our latest Prof G Markets newsletter Follow Prof G Markets on Instagram Follow Ed on Instagram, X and Substack Follow Scott on Instagram Send us your questions or comments by emailing Markets@profgmedia.com Learn more about your ad choices. Visit podcastchoices.com/adchoices