Wall Avenue has been on guard about rumblings within the US monetary system. Moody’s Analytics Chief Economist Mark Zandi joins Yahoo Finance Reside to weigh in on the state of the monetary sectors and areas for concern following regional financial institution failures in early 2023.
Zandi states the system is “this engine that’s shaking below stress” of upper rates of interest and doesn’t predict stabilization till the yield curve evens out. Moreover, Zandi expresses concern about liquidity dangers within the US Treasury market, from ballooning debt and warnings of a possible “freezing up” on bonds. When requested concerning the actuality of the general public debt disaster, Zandi plainly states: “We’re right here.”
For extra knowledgeable perception and the most recent market motion, click on right here to look at this full episode of Yahoo Finance Reside.
