

Zandi also pointed to stalled job growth, weakening consumer sentiment, high inflation eroding real incomes, and higher interest rates as key pressures weighing on households.
"With job growth stalled, sentiment slumping, high and accelerating inflation cutting into real incomes, the stock market going sideways, and higher interest rates, it isn't hard to see consumers pulling back," he wrote.
He added that recent support from larger tax refunds is temporary and is expected to fade after April 15.
Zandi also warned that "the economic headwinds from the war are just beginning to blow," increasing downside risks.
"My angst around the possibility of a recession continues to rise," he said.


