A top economist says pressure is mounting for consumers, and the Fed may be about to make a 'serious' mistake

Mark Zandi, chief economist at Moody's Analytics, has warned that the Federal Reserve risks making a "serious" policy mistake by aggressively raising interest rates. Zandi believes that such a move would exacerbate the financial pressures already facing US consumers and businesses. He argues that raising rates too quickly could harm the labor market and worsen economic conditions. As the Fed prepares its latest policy decision, Zandi's comments highlight concerns about the potential consequences of overly hawkish monetary policy.

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