Moody’s Analytics chief economist Mark Zandi said the U.S. economy is “on the precipice of recession,” citing indicators from last week’s economic data releases. In a social media post Monday, Zandi pointed to stagnant consumer spending, contracting construction and manufacturing sectors and projected employment declines. Rising inflation makes it difficult for the Federal Reserve to provide economic stimulus, the economist said While unemployment remains low, Zandi attributed this to declining labor force growth rather than economic strength. “The foreign-born workforce is shrinking and labor force participation” is ... (full story)